CHICAGO--(BUSINESS WIRE)--OCC, the world's largest equity derivatives clearing organization, announced today it has won the 2016 Clearing House of the Year – The Americas from FOW Magazine. Presentation of the award took place on December 7 at the FOW International Awards gala dinner in London, honoring achievements that have supported the advancement of the global derivatives industry.
"We are truly honored to receive this award as it recognizes OCC’s efforts as a leading CCP and the foundation for secure markets,” said Craig Donohue, OCC Executive Chairman and CEO. “It also reflects the hard work and dedication of the OCC team which is committed to promoting stability and market integrity through effective and efficient clearing, settlement and risk management services while serving market participants and the greater public interest as a leader in the exchange-listed options industry.”
FOW was launched in 1982 and serves as a respected news and data outlet for the international futures and options industry. The complete list of award winners, can be found here.
OCC is the world’s largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) as a Registered Clearing Agency, and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearing House of the Year – The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty, (CCP) clearing and settlement services to 19 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.