I’ve held a number of enterprise risk management positions at financial institutions during my 30-plus-year career, primarily in the areas of counterparty credit and systemic risk management. All roles required the risk teams under my responsibility to identify, assess, and mitigate credit and other forms of risks to my organizations, as well as to the broader financial system. One of the most important topics I’ve faced throughout my career is the real-world relevance of the risk assessment framework covered in the Traditional ERM Practices course I’m teaching this semester in the...

Contract Volume October 2024 Contracts October 2023 Contracts % Change 2024 YTD ADV 2023 YTD ADV % Change Equity Options 588,158,095 421,003,628 39.7% 25,085,397 22,422,247 11.9% ETF Options 431,237,700 460,183,935 -6.3% 18,307,560 17,966,962 1.9% Index Options 92,723,711 100,730,846 -7.9% 4,150,768 3,802,403 9.2% Total Options 1,112,119,506 981,918,409 13.3% 47,543,725 44,191,612 7.6% Futures 4,300,525 6,426,760 -33.1% 242,748 227,532 6.7% Total Volume 1,116,420,031 988,345,169 13.0% 47,786,473 44,419,144 7.6% Securities Lending October 2024 Avg. Daily Loan Value October 2023 Avg. Daily...

OCC, the world's largest equity derivatives clearing organization, today announced the addition of two members to its board of directors: Public Director Rachelle Keller, former financial executive, and Exchange Director Mike West, Head of Operations at the New York Stock Exchange (NYSE). Keller has more than 30 years of experience in the financial services industry and has held leadership positions across a diverse product set including investment banking, markets and trading, operating services and institutional brokerage. In addition to senior roles at Citibank, NA, Keller held senior...

Our colleagues Sheila Zak, Executive Director of Member Services, and Harsh Devpura, Principal and Product Owner of Renaissance Clearing, sat down with Securities Finance Times reporter Daniel Tison to discuss the next phases of testing for OCC's forthcoming clearing and settlement platform, Ovation. Read the article here.