Full-Time
Clearinghouse offering risk management for derivatives
$55k - $68.8k/yr
No H1B Sponsorship
Dallas, TX, USA
Hybrid
Up to 2 remote-work days per week.
Bachelor's
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OCC clears and settles trades in the derivatives market, acting as a central counterparty that guarantees completion of transactions and manages risk. It serves clients including clearing members and exchanges, handling standard options, stock loans, and futures by processing trades, margining, and settlement through its systems. The OCC earns fees based on trade volume and risk management activities, and it emphasizes secure technology like its MyOCC portal to protect authorized users. What sets OCC apart is its focus on being a dedicated, regulated clearinghouse with robust risk controls and technology infrastructure to support the safety and efficiency of derivatives markets. Its goal is to maintain the stability and integrity of financial markets by reducing counterparty risk and ensuring smooth clearing and settlement of trades.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
1973
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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
Brian P. Donnelly joins OCC Board of Directors. New York, July 28, 2026 - RQD*Clearing LLC is excited to celebrate Brian Donnelly's appointment to the Board of Directors of The Options Clearing Corporation (OCC). As Founder and Chairman of RQD* Clearing and Founder, Chairman and CEO of Optimal Market Technologies, Brian brings deep expertise across options trading, clearing and financial market infrastructure. OCC's Board plays a critical governance role, helping ensure the nation's clearing infrastructure remains resilient, well-governed and capable of supporting stable and efficient markets. Brian's appointment is significant recognition of his industry leadership, experience and longstanding commitment to strengthening the infrastructure that supports the U.S. financial markets. Read the full announcement here.
Stephen Luparello will retire as chairman of OCC's board of directors in January 2027 after nine years of service. Michael Bodson, former president and CEO of Depository Trust & Clearing Corp. (DTCC), has been elected as a public director and will succeed Luparello as chairman. Bodson brings over 35 years of experience leading major financial institutions. He served as DTCC's president and CEO from 2012 to 2022, guiding the company through significant market events including the COVID-19 pandemic and meme-stock volatility. OCC also announced the election of two new member directors, Matthew Hulsizer and Brian P. Donnelly. Luparello will remain engaged with OCC as an adviser to the board following his retirement.
Stephen Luparello to retire in January as OCC board chairman; Michael Bodson elected public director and named successor. July 27, 2026 Matthew Hulsizer and Brian P. Donnelly also join OCC's board as member directors. OCC, the world's largest equity derivatives clearing organization, today announced that Stephen Luparello will retire as chairman of its board of directors in January 2027, and that Michael Bodson, former president and chief executive officer of Depository Trust & Clearing Corp. (DTCC) has been elected as a public director and will succeed him as chairman. OCC also announced the election of two new member directors, Matthew Hulsizer and Brian P. Donnelly. Luparello will step down as chairman in January 2027 after nine years of service on OCC's board. He will remain engaged with OCC as an advisor to the board. "Steve has been a staunch advocate and trusted adviser to me and the OCC Management Committee as chairman and member of the OCC board of directors," said Andrej Bolkovic, OCC's chief executive officer. "During his tenure, we've seen unprecedented volume growth in options and futures trading, and OCC has set the benchmark for market stability and integrity. He's helped us advance our transformation and the development of a new clearing platform, Ovation, which is now open for scenario testing with market participants. Our deepest appreciation to Steve for his expert counsel and guidance, and for supporting a smooth transition." Bodson brings more than 35 years of experience leading large, systemically important financial institutions to the role. He served as president and chief executive officer of DTCC from 2012 to 2022. During his tenure, he led through a series of systemic market events, including the Knight Capital disruption, Superstorm Sandy, the COVID-19 pandemic and meme-stock volatility, while strengthening the company's financial resilience. Before his appointment as CEO, Bodson held several senior roles at DTCC, including chief operating officer, and spent two decades at Morgan Stanley in senior operations and financial control roles in the U.S., Japan and Asia. Since retiring from DTCC in 2022, he has served on corporate boards and as an advisor to McKinsey and several asset digitization and data firms. "I have always admired OCC for its strong risk management and processing capabilities - strengths that will be needed even more as markets undergo increasingly rapid transformations," said Mike Bodson, incoming public director and board chairman. "My time at DTCC provided me the opportunity to see how critical market infrastructures are in maintaining highly efficient and resilient financial systems and I look forward to leveraging my experience to positively contribute to this impressive organization." "I've had the privilege of knowing and working with Mike for years, and I've seen firsthand the calm, disciplined leadership he brings in moments of crisis," said Steve Luparello, OCC's outgoing board chairman. "He led DTCC with a steady hand and a clear understanding of how markets, operational risk and regulatory oversight intersect. OCC will be extraordinarily well-served by his leadership." "We are fortunate to have Mike join the board during this pivotal time at OCC, and we look forward to working closely with him," Bolkovic added. OCC also announced two additional member directors to its board, Matthew Hulsizer and Brian P. Donnelly. Hulsizer is co-founder and managing partner of PEAK6 Investments, an Austin-based financial services and technology firm, and will serve as a member director. Founded in 1997 as a proprietary options trading firm, PEAK6 has grown into a multibillion-dollar company with a diversified portfolio that includes PEAK6 Capital Management, PEAK6 Strategic Capital, and Apex Fintech Solutions. "Over the past two decades, Matthew has created or invested in more than 200 businesses, from options trading and clearing to companies at the forefront of AI. He understands our business and the importance of transformation. OCC will benefit from his expert counsel," said Luparello. Donnelly joins OCC's board as a member director. He is founder and chairman of RQD Clearing, a next-generation correspondent clearing provider offering clearing, custody and execution solutions for the modern market. Donnelly is also founder, chairman and chief executive officer of Optimal Market Technologies, and a founder and director of Volant Trading. Earlier in his career, he held positions at Goldman Sachs and UBS after beginning his career at Hull Trading Co. "Brian has contributed to several industry initiatives, including options market structure, clearing and financial market infrastructure. His insight and forward-looking approach will help OCC compete as the financial industry continues to evolve," Luparello added. The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 21 exchanges and trading platforms. More information about OCC is available at www.theocc.com. Media Contact:
Miami International Holdings announces OCC clearing and settlement agreement for MIAX Futures exchange. 0 3 minutes read MIAMI and PRINCETON, N.J., May 20, 2026 /PRNewswire/ - Miami International Holdings, Inc. (MIAX(R)(NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced a clearing and settlement agreement between MIAX Futures(TM) and the Options Clearing Corporation (OCC), the world's largest equity derivatives clearing organization. The agreement allows MIAX Futures market participants who are members of OCC to realize potential capital efficiencies by cross-margining products listed on MIAX Futures against complementary products listed by MIAX Futures and other securities exchanges (including the MIAX exchanges) and futures markets. "We are pleased to build on our longstanding relationship with OCC and bring its suite of clearing and risk management services to MIAX Futures market participants," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX. "This agreement will provide our market participants with significant capital efficiencies when trading financial futures including our new Bloomberg equity index futures that began trading on MIAX Futures on May 17." "We are pleased to welcome MIAX Futures as OCC's fifth participant exchange under the MIAX name," said Andrej Bolkovic, Chief Executive Officer of OCC. "MIAX Futures will benefit from our full range of clearing and risk management capabilities available to all our participating exchanges, and provide our clearing members with potential capital efficiencies through our internal cross-margining program. We look forward to continued collaboration with MIAX to promote operational excellence and innovation while supporting the continued growth of exchange-traded options and futures." Mr. Gallagher added, "I want to personally acknowledge and thank the OCC team for their support as we worked to finalize the clearing and settlement agreement in time for the May 17 launch of the Tini(TM) Bloomberg 100 Index Futures contract." MIAX Futures is listing Bloomberg equity index futures using a phased launch schedule. The first product, Tini Bloomberg 100 Index Futures, listed on May 17, 2026 (May 18, 2026 trade date). Tini Bloomberg 500 Index Futures are scheduled to be listed on May 31, 2026 (June 1, 2026 trade date). Bloomberg 500 Index Futures are scheduled to be listed on June 7, 2026 (June 8, 2026 trade date). MIAX Futures, a registered derivatives clearing organization (DCO) and designated contract market (DCM), will continue to clear its flagship product - Minneapolis Hard Red Spring Wheat (HRSW) - and all other agricultural products listed on the exchange. About MIAX Miami International Holdings, Inc. (NYSE: MIAX) is a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies. MIAX operates eight exchanges across options, futures, equities and international markets including MIAX(R) Options, MIAX Pearl(R), MIAX Emerald(R), MIAX Sapphire(R), MIAX Pearl Equities(TM), MIAX Futures(TM), The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE). MIAX also owns Dorman Trading, a full-service Futures Commission Merchant. To learn more about MIAX, please visit www.miaxglobal.com. Disclaimer and Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are based on management's current expectations and are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Additional risks and uncertainties that may cause actual results to differ materially include the risks and uncertainties listed in Miami International Holdings, Inc.'s (together with its subsidiaries, the Company) public filings with the Securities and Exchange Commission. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise. All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law. MIAX Contacts: SOURCE MIAX 5 seconds ago 34 seconds ago
OCC, the world's largest equity derivatives clearing organisation, has appointed Jeffrey S. Davis, senior vice president and senior deputy general counsel of Nasdaq, to its Board of Directors as an Exchange Director. The announcement came during OCC's annual stockholder meeting on 22 April 2026. Davis joined Nasdaq in 2000 and advises the company's board on regulatory obligations whilst serving as chief regulatory officer of Nasdaq ISE Exchanges. He replaces Roland Chai, also of Nasdaq. The meeting also saw Stephen Luparello re-elected as chairman, whilst CEO Andrej Bolkovic was re-elected as Management Director. Two Member Directors and one Public Director were re-elected, and four Exchange Directors were reappointed to new terms.