OCC Fills Out Board

The Options Clearing Corp. (OCC) has elected Craig Abruzzo and Valar Mihan to its board of directors, and named Paul Brody vice chairman, according to officials. Brody succeeds Gary Yetman in his role. Abruzzo is head of the listed derivatives business in the Americas at Morgan Stanley. Mihan is managing director and head of Americas equity-linked trading at Bank of America Merrill Lynch (BAML). Brody is CFO of Timber Hill, a unit of Interactive Brokers Group, and first joined the OCC board in

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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