Options Clearing Corporation (OCC)
Lightning strikes: Options boom threatens data overload
Concerns over creaking infrastructure in US options markets are fueling talk of measures to limit the exponential amount of data being generated.
A rough race begins: Industry faces uphill transition to T+1 settlement
With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue…
Cboe migrations give exchange a foothold in Canadian equities
Exchange group looks northward in global expansion drive with completion of three trading system acquisitions
Tech vendors rethink risk in era of surging options volume
As options volumes soar, technology vendors are thinking about new risks posed when legacy infrastructure meets increasingly complex markets.
Sluggish Back-Office Systems Added to Margin Pressures
Systems supplied by FIS struggled to handle a massive spike in March trading volumes, according to multiple sources.
Banks and Bank Robbers Embark on AI Arms Race
As cyber attacks become more frequent and costly, banks are increasingly turning to artificial intelligence to protect their networks—but so are the criminals.
Options Clearing Corp. Appoints Morrison as Chief Security Officer
Morrison comes from State Street where he served as chief information security officer.
David Hoag Joins OCC as CIO
Technology executive with almost 25 years of experience in the space joins equity derivatives clearing organization.
DTCC Taps OCC’s McClain to Run Equity Clearing Business
Former COO at Options Clearing Corp. joins DTCC to head up equity clearing business.
Options Industry Conference 2015: Balance Sheet Restraints, Exchange Controls Top Tech To-Do List
Three large banks in the space cite Basel III woes, pre-trade safety checks as key.
CME's Warren Wades Into OCC
OCC hires former CME index exec to head business development.
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.
OSI Spend Higher than Expected
Lessons Learnt to Prepare Firms for Cost-Basis Reporting Project