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Options Clearing Corporation - OCC
What does it mean?
A clearing organization that acts as both the issuer and guarantor for option and futures contracts.
In Other Words...
The Options Clearing Corporation is regulated by both the SEC and the CFTC.
The OCC is the largest clearing organization in the world and is owned equally by the American Stock Exchange (AMEX), Chicago Board Options Exchange (CBOE), International Securities Exchange (ISE), Pacific Exchange, and the Philadelphia Stock Exchange (PHLX).
Related Links
Options Basics Tutorial - An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them.
Related Terms
American Stock Exchange - AMEX | Chicago Board Options Exchange - CBOE | Clearing | Clearing House | Clearing Member Trade Agreement - CMTA | Commodity Futures Trading Commission - CFTC | Guarantor | National Securities Clearing Corporation - NSCC | Option | Philadelphia Stock Exchange - PHLX | Securities & Exchange Commission - SEC
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