OCC Statement on Transfer and Liquidation of MF Global Customer Positions
(firmenpresse) - CHICAGO, IL -- (Marketwire) -- 11/08/11 -- Since last Tuesday, OCC has been liquidating standardized options positions and transferring futures positions held in MF Global customer accounts pursuant to its rules and, where applicable, SIPC Trustee approval. This process is now essentially complete with only a few small positions awaiting transfer or liquidation.
OCC will continue to work with our member firms, regulators and the SIPC Trustee to complete this process with minimal market impact. OCC remains committed to providing the foundation for secure markets to the 15 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions we serve.
OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 15 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. More information about OCC is available at .
Contact:
Jim Binder
312-322-9853
Angela Kotso
312-322-6267
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Datum: 08.11.2011 - 19:31 Uhr
Sprache: Deutsch
News-ID 85434
Anzahl Zeichen: 0
contact information:
Town:
CHICAGO, IL
Kategorie:
Personal Finance
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