Options Clearing Corporation (OCC)
A clearing organization that acts as both the issuer and guarantor for option and futures contracts. Investopedia Says:
The Options Clearing Corporation is regulated by both the SEC and the CFTC.
The OCC is the largest clearing organization in the world and is owned equally by the American Stock Exchange (AMEX), Chicago Board Options Exchange (CBOE), International Securities Exchange (ISE), Pacific Exchange, and the Philadelphia Stock Exchange (PHLX). Related Terms:
American Stock Exchange - AMEX
Chicago Board Options Exchange - CBOE
Clearing
Clearing House
Clearing Member Trade Agreement - CMTA
Commodity Futures Trading Commission - CFTC
Listed Option
National Securities Clearing Corporation - NSCC
Option Agreement
Philadelphia Stock Exchange - PHLX
Securities & Exchange Commission - SEC |