What Does The Options Clearing Corporation (OCC) Do?

Total employees2568
HeadquartersChicago
FoundedN/A

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). As a Systemically Important Financial Market Utility (SIFMU), OCC provides central counterparty (CCP) clearing and settlement services for U.S. exchange-listed options, security futures, options on futures, and other financial derivatives. Its mission is to ensure confidence in the financial markets by promoting stability and market integrity through effective and efficient clearance, settlement, and risk management services. OCC acts as the guarantor for the contracts it clears, mitigating counterparty risk for its clearing members and fostering stability within the financial system.

Where Is The Options Clearing Corporation (OCC)'s Headquarters?

HQ Function

The Chicago headquarters serves as the primary operational and administrative hub, housing executive leadership, risk management, technology operations, legal, compliance, and client services. All core strategic decisions and oversight functions are centered here.

Notable Features:

The headquarters occupies modern office space within a prominent Chicago skyscraper, equipped with state-of-the-art technology infrastructure, secure data facilities, and robust business continuity capabilities essential for a SIFMU.

Work Culture:

OCC fosters a work culture centered on integrity, collaboration, and excellence. The environment is professional and dynamic, with a strong emphasis on risk management, innovation in financial technology, and dedication to market stability. Employees often have deep expertise in finance, technology, and regulatory compliance.

HQ Significance:

As the central nervous system of a Systemically Important Financial Market Utility, the Chicago headquarters is paramount to the seamless functioning and stability of the U.S. equity derivatives markets. Its location provides vital proximity to major exchanges, clearing members, and regulatory bodies.

Values Reflected in HQ: The headquarters' design, security, and operational protocols reflect OCC's core values: acting in the public good, fostering market integrity, ensuring stability, promoting accountability, and driving innovation.

Location:

While OCC's physical operations are based in the United States, its influence and activities are global. It serves as the central counterparty for U.S. exchange-listed equity derivative products, which are traded by a diverse array of international market participants, including global banks, broker-dealers, and institutional investors from around the world. OCC's robust risk management framework and clearing services contribute to the stability and integrity of the interconnected global financial markets. The organization also actively participates in international forums and collaborates with global regulatory bodies to promote best practices in clearing and settlement.

Street Address:

125 S. Franklin Street, Suite 1200

City:

Chicago

State/Province:

Illinois

Country:

USA

Where Else Does The Options Clearing Corporation (OCC) Operate Around the World?

Coppell, Texas, USA

Address: 9000 Cypress Waters Blvd, Suite 300, Coppell, TX 75019

Serves as a strategic site for operational redundancy, talent acquisition in technology and operations, and supports OCC's capacity for growth and technological advancement. It complements the Chicago headquarters.

Washington D.C., USA

Address: 1801 K Street NW, Suite 610-L, Washington, D.C. 20006 (Representative address for regulatory affairs presence)

Ensures OCC maintains a strong voice and presence in the nation's capital for advocacy on policy issues, regulatory discussions, and direct liaison concerning the frameworks governing financial market utilities.

Buying Intent Signals for The Options Clearing Corporation (OCC)

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Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
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Corporate Finance
*Example signal, not calculated in real time

Who's Leading The Options Clearing Corporation (OCC)? Meet the Executive Team

As of April 2025, The Options Clearing Corporation (OCC)' leadership includes:

Andrej Bolkovic - Chief Executive Officer
Craig S. Donohue - Executive Chairman
Scot Warren - President and Chief Operating Officer
Mike Nowak - Chief Financial Officer
David Ye - Chief Risk Officer
Gerard Brinkman - Chief Technology Officer
Megan Cohen - General Counsel and Corporate Secretary
Tim Brennan - Chief Human Resources Officer

Who's Investing in The Options Clearing Corporation (OCC)?

The Options Clearing Corporation (OCC) has been backed by several prominent investors over the years, including:

Cboe Global Markets (Cboe)
Nasdaq, Inc. (Nasdaq)
Intercontinental Exchange (ICE) (owner of NYSE Arca and NYSE American)
BOX Options Exchange, LLC (BOX)
Miami International Holdings (MIH) (owner of MIAX Options Exchange)

What Leadership Changes Has The Options Clearing Corporation (OCC) Seen Recently?

Hire2
Exits2

Significant executive leadership changes at OCC include Andrej Bolkovic's appointment as CEO, succeeding John P. Davidson who retired. More recently, Megan Cohen was appointed as General Counsel and Corporate Secretary, taking over from Sean Smith.

Departures

John P. Davidson, John P. Davidson retired from his role as CEO after leading OCC through significant growth and change.
Sean Smith, Sean Smith departed from his position as General Counsel and Corporate Secretary.

New Appointments:

Andrej Bolkovic, Andrej Bolkovic was appointed and took office as the new Chief Executive Officer of OCC.
Megan Cohen, Megan Cohen was appointed as the new General Counsel and Corporate Secretary, bringing extensive legal expertise.

What Technology (Tech Stack) Is Used byThe Options Clearing Corporation (OCC)?

Discover the tools The Options Clearing Corporation (OCC) uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

The Options Clearing Corporation (OCC) Email Formats and Examples

Email addresses at Options Clearing Corporation (OCC) typically adhere to common corporate structures, primarily using the @theocc.com domain. The most prevalent formats combine elements of an employee's first and last names.

Common formats include [first_initial][last]@theocc.com (e.g., jsmith@theocc.com) and [first].[last]@theocc.com (e.g., john.smith@theocc.com). Less commonly, [first]@theocc.com might be used for certain individuals.

Format

jsmith@theocc.com

Example

80%

Success rate

What's the Latest News About The Options Clearing Corporation (OCC)?

theocc.comApril 22, 2024

Options Clearing Corporation March 2024 Monthly Volume Data Shows Increase in Cleared Contracts

OCC announced that total cleared contract volume in March 2024 reached 1,057,158,421 contracts, marking a 6.4 percent increase compared to March 2023. The year-to-date average daily volume through March was 45,838,108 contracts, up 0.4 percent from the same period in the previous year, with ETF options cleared volume showing a significant increase of 24.1 percent....more

MarketsMediaApril 26, 2024

Options Clearing Corporation Elects New Member and Public Directors to its Board

The Options Clearing Corporation (OCC) announced the election of JJ Kinahan (CEO of IG North America and President of tastytrade) as a Member Director, and Alicia Crighton (Global Head of Prime Services Clearing and EMEA Head of Futures and Options Clearing & Execution at Goldman Sachs) and Kelley Millet (former CEO and President of The BANCSecure Trust Company) as Public Directors to its Board of Directors. These elections took place at OCC's April 2024 annual stockholder meeting....more

theocc.comMarch 1, 2024

OCC Names Megan Cohen General Counsel and Corporate Secretary

Options Clearing Corporation (OCC) announced that Megan Cohen has been named General Counsel and Corporate Secretary, effective March 1, 2024. Cohen succeeded Sean Smith and reports to Andrej Bolkovic, OCC Chief Executive Officer. She oversees OCC’s legal and regulatory affairs....more

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