The project is the biggest upgrade to the OCC's technology in 20 years. The OCC will replace most of its systems, with some of the work carried out in-house and some provided by Cinnober. Executive Chairman Craig Donohue said that when completed, the project "will enhance OCC's resiliency, improve our compliance posture, and help us operate in a more effective and efficient manner.
The approved changes to OCC's rules, clearing fund, and stress testing and margin methodology were implemented on December The management moves continued in January when Craig Donohue became executive chairman. He became CEO in September and oversaw an overhaul of the OCC's upper management team and transition to a larger and better capitalized organization. Cahill retired from OCC at the end of after the company announced the move in September. He worked at OCC for 32 years. The flurry of managerial moves came after the SEC criticized the OCC's risk management and compliance practices in Donohue remains chairman.
Executives: [27]. Craig S. Donohue , Executive Chairman. Board Members: [28]. OCC Options Expirations. The OCC offers customizable trade volume searches, among other tools, at its market data portal. The OCC provides current and archived news issues that display what the company has been doing throughout the year internally, externally, and on Capitol Hill. These articles can be found over at its OCC newsroom.
The OCC chose Cinnober as a partner for the multi-year project. The OCC is in the process of making what is a big decision for a systemically important financial market utility SIFMU - how to best upgrade a tech stack responsible for clearing millions of options and futures contracts daily.
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