Founded in 1973, OCC is the largest clearing organization in the world for equity derivatives. Operating under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), OCC issues and clears U.S.-listed options and futures on a number of underlying financial assets including common stocks and stock indexes.OCC’s clearing membership consists of approximately 100 of the largest U.S. broker-dealers, U.S. futures commission merchants and non-U.S. securities firms representing both professional traders and public customers. The stockholder exchanges share equal ownership of OCC. This ownership, along with a significant clearing member and public director presence on the Board of Directors, ensures a continuing commitment to servicing the needs of OCC’s participant exchanges, clearing members and their customers. OCC provides clearing services for options, financial and commodity futures, security futures, securities lending transactions and over-the-counter index options.
This Annual Report is issued solely for the purpose of providing information to stockholders, clearing members and other interested persons. It is not a representation, prospectus, or circular with respect to any option or other security issued by The Options Clearing Corporation. Further, this Annual Report is not transmitted in connection with a sale of or offer to sell, or purchase of or offer to purchase, any security or other interest issued or hereafter to be issued by The Options Clearing Corporation.