OCC, the world's largest equity derivatives clearing organization, today announced the appointment of Michael Kurd, Managing Director, Head of Americas Prime Financial Services at J.P. Morgan, as a Member Director to its Board of Directors. Kurd brings with him more than 20 years of experience, primarily in equity derivatives trading. “We’re pleased to welcome Michael to our board as a Member Director,” said Craig Donohue, OCC Chairman. “His familiarity with our industry will serve as a valuable addition to our leadership bench. Together, our Board’s collective experience and guidance...

OCC, the world's largest equity derivatives clearing organization, today announced that Matt Rathbun has joined OCC as Chief Security Officer-Elect and will succeed current CSO Mark Morrison following his upcoming retirement. Rathbun has more than 25 years of experience in information technology and systems engineering, most recently as CSO for Two Sigma. “As a Systemically Important Financial Market Utility, OCC must have an unwavering commitment to operational resilience, and a significant part of that is a strong security posture,” said Andrej Bolkovic, OCC Chief Executive Officer...

OCC January 2025 Monthly Volume Data Contract Volume January 2025 Contracts January 2024 Contracts % Change 2025 YTD ADV 2024 YTD ADV % Change Equity Options 639,673,352 501,493,722 27.6% 30,460,636 23,880,653 27.6% ETF Options 423,025,293 390,467,813 8.3% 20,144,062 18,593,705 8.3% Index Options 92,054,979 87,577,180 5.1% 4,383,570 4,170,342 5.1% Total Options 1,154,753,624 979,538,715 17.9% 54,988,268 46,644,700 17.9% Futures 4,401,138 4,815,779 -8.6% 209,578 229,323 -8.6% Total Volume 1,159,154,762 984,354,494 17.8% 55,197,846 46,874,023 17.8% Securities Lending January 2025 Avg. Daily...