OCC

OCC

Risk management and clearing services provider

About

OCC provides risk management, clearing, and settlement services in the financial markets, focusing on derivatives like options and futures contracts. It acts as an intermediary between buyers and sellers, ensuring smooth transactions and reducing the risk of default. OCC generates revenue through fees based on the volume and complexity of trades processed. The company invests in technology to enhance its risk management and data systems, exemplified by its MyOCC portal, which offers secure access to its services for authorized users. OCC's goal is to maintain the integrity and stability of the financial markets it serves, making it a trusted partner for its diverse clientele.

Company Stage

Debt Financing

Employees

1,001-5,000

Industries

Fintech, Financial Services

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

1973


Simplify Jobs

Simplify's Take

What believers are saying

  • Increased interest in Bitcoin ETFs boosts demand for OCC's clearing services.
  • Appointment of industry leaders to OCC's board enhances strategic decision-making.
  • Robust market environment increases transaction volumes cleared by OCC.

What critics are saying

  • Competition from Grayscale and BlackRock may impact OCC's market share.
  • High trading volumes in Bitcoin ETFs could pose risk management challenges for OCC.
  • Fintech partnerships like Tastytrade and Unusual Whales may divert retail investors.

What makes OCC unique

  • OCC is the largest equity derivatives clearing organization globally, ensuring market stability.
  • It offers innovative risk management solutions for options, futures, and financial transactions.
  • OCC's MyOCC system provides secure, audited access for authorized users, enhancing trust.

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Benefits

Medical, Dental, Vision Insurance

Life, AD&D, and Disability Insurance

Health Savings Account

Flexible Spending Accounts

401(k) Retirement Savings Plan

401(k) Employer Match

Monthly Student Debt Contribution

Tuition Reimbursement

10 Paid Holidays (including 1 Floating Holiday)

Paid Time Off (PTO)

12-week Paid Parental Leave

Sabbatical

Technology Stipend up to $2000

Work from Home Program

Back-up Dependent/Elder Care Support

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