Dale Petroskey (Dallas Regional Chamber) and Jim Toes (Security Traders Association) discuss the positive ripple effects of OCC’s ongoing transformation on the broader economic landscape.
.
The Cypress Waters move has transformed OCC’s brand in the Dallas region—helping it attract top talent.
The Dallas Regional Chamber serves as the voice of business and the champion of economic growth in the Dallas metropolitan area.
Dallas-Fort Worth is at the epicenter of the financial services and technology industries. Having a transformative company like OCC in our market is a testament to these strengths. As our fintech sector grows, the Dallas Regional Chamber has worked with many companies on expansion and relocations.
OCC’s decision to move to the Cypress Waters campus has significantly enhanced its ability to attract millennials and Gen Z candidates from the region’s very competitive pool of talented, educated workers. Like Dallas-Fort Worth itself, OCC has made a very real investment to become the kind of place where the best and the brightest want to work.
OCC’s ability to transform itself clearly shows its commitment to the stability and security of the markets it serves.
The Security Traders Association (STA) raises awareness of market structure issues among legislators and regulators on behalf of the financial services industry.
The objectives of STA and those of OCC are closely aligned, in that both organizations seek regulatory and legislative changes which benefit the options ecosystem. Consider the Options Markets Stability Act (H.R. 5749) of 2019. The result of collaboration between OCC and the U.S. Securities Markets Coalition, this legislation helped ensure that market makers and other liquidity providers can provide vital liquidity for investors who use the U.S. equity options markets to help manage their financial risk.
These efforts to transform the industry on the regulatory side echo OCC’s work on the market side. As new financial products (e.g., ETFs) appear, new options contracts follow—which OCC continues to support.