CHICAGO--(BUSINESS WIRE)--OCC, the world's largest equity derivatives clearing organization, announced today that it was named Best Clearing House – Equities by Markets Media for the third consecutive year. The award was announced today as part of the publication's 8th Annual Markets Choice Awards.
“This award is a testament to the hard work of all my colleagues at OCC whose dedication to delivering clearance and settlement services over the past year have allowed us to thrive in a work from home environment,” said John Davidson, Chief Executive Officer. “As a Systemically Important Financial Market Utility, OCC plays a crucial role in providing resiliency, stability and integrity to financial markets and the broader economy, so we thank Markets Media for this recognition.”
Scot Warren, Chief Operating Officer, added, “OCC’s ability to remain productive and effective in serving our participating exchanges, clearing member firms and market users during this challenging time is a tribute to our colleagues. Thanks to their dedication, OCC is clearing record volumes and providing critical services in the equity derivatives market.”
The Markets Choice Awards (MCA) encompass important sectors of institutional trading and technology within the financial markets. Specifically, the MCA focuses on buy-side traders, sell-side execution desks, exchanges and platforms, incumbent technology providers and emerging fintech firms. Winners are determined through editorial interviews with leaders in financial markets, consultation with the MCA Advisory Board, and online polling results of the shortlist nominees.
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 2020 Best Clearing House - Equities by Markets Media, 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.