Options Clearing Corp
- Employees in region:
- Financial Services & Insurance
- HQ location:
- Chicago, IL
The Options Clearing Corporation (OCC), founded in 1973, is the world's largest equity derivatives clearing organization. For 40 years, OCC has provided high-quality clearing and settlement services and sound risk management with unsurpassed cost effectiveness for the listed options market. Today, the protections of our financial guarantee and central counterparty role extend beyond listed options to financial and commodity futures, security futures and securities lending. OCC's role as a trusted industry utility is built upon our commitment to excellence in risk management and the strength of our financial guarantee, which allows us to stand behind every trade that we clear.
OCC's three-tiered system of financial safeguards includes margin requirements, a clearing fund and rigorous membership standards. OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC).
“OCC is a friendly, growing corporation. Opportunities for advancement are always available. ”
“OCC has a great culture and is truly concerned about their employees. Top management has done an outstanding job creating a wonderful culture to work in. ”
“There is a strong support system within the departments and everyone does their best to help each other out.”
“Wonderful, friendly people. Great pay and benefits. Very challenging opportunities.”