The US options clearing house has become the first to handle OTC equity index options
The Options Clearing Corporation (OCC) will become the first
central counterparty to clear OTC equity index options, as
regulators continue to push OTC derivatives through clearing
houses, writes Joe Parsons.
The Chicago-based clearing house successfully cleared the
first over-the-counter (OTC) S&P 500 equity index options
on April 25, in a bid to bring capital and operational benefits
to the OTC equity derivatives marketplace.
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