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May 05, 2015 8:40 PM ET

Capital Markets

Company Overview of The Options Clearing Corporation

Company Overview

The Options Clearing Corporation operates as an equity derivatives clearing organization. It offers central counterparty clearing and settlement services to various exchanges and trading platforms for options, financial and commodity futures, security futures, stock loan programs, cross margin programs, and securities lending transactions. The company also provides industry services, such as delta position limits, decentralized linkage programs, and investor services. The Options Clearing Corporation was incorporated in 1972 and is based in Chicago, Illinois.

One North Wacker Drive

Suite 500

Chicago, IL 60606

United States

Founded in 1972

Phone:

312-322-6200

Fax:

312-977-0611

Key Executives for The Options Clearing Corporation

Chief Executive Officer, President and Treasurer
Executive Chairman
Age: 52
Chief Financial Officer and Senior Vice President
Age: 62
Chief Operating Officer and Executive Vice President
Vice President of Finance and Accounting
Compensation as of Fiscal Year 2014.

The Options Clearing Corporation Key Developments

The Options Clearing Corporation and eSecLending to Create Liquidity Facility with CalPERS

The Options Clearing Corporation and eSecLending announced that they collaborated with CalPERS to develop a product to help OCC diversify and increase their committed liquidity resources while offering a compelling risk-adjusted return for CalPERS. The fully collateralized facility offers the OCC, equity derivatives clearing organization, a source of timely access to liquidity while maintaining CalPERS conservative risk profile.

OCC Announces Executive Changes

OCC announced that Scot Warren has joined OCC as executive vice president, Business Development and The Options Industry Council. Warren has 25 years of experience in global equity and equity derivatives markets, including index services. In his new role, he will provide oversight to further strengthen OCC's business and product development efforts as well as its communications programs. Warren's responsibilities will also include oversight of The Options Industry Council and investor education. Additionally, to enhance the capabilities and better support the increasingly important role of communications as a systemically important organization, OCC has hired David Prosperi as first vice president, public relations, and Patricia Overstreet-Miller as first vice president, corporate communications, both reporting directly to Warren. Prosperi will oversee media relations and all external communications for OCC. With 30 years of experience in media relations, public affairs and corporate communications, including 17 years in listed financial derivatives markets, he will further efforts to strengthen OCC's brand and reputation. Prosperi will be responsible for developing and executing public relations strategies that support OCC's business goals. Overstreet-Miller brings broad and diverse communications experience and specific expertise in employee communications to OCC that will help drive employee engagement. Overstreet-Miller will be responsible for developing and executing internal communications strategies that align with and support OCC’s strategic and business goals, and strengthen employee engagement. Scot Warren has 25 years of experience in equity and equity derivatives markets, including index services. He served as Senior Managing Director - Equity Products and Index Services at CME Group. In that role, he managed CME's stock index futures business line and also led CME's entry into index services via the $670 million acquisition of Dow Jones Indices. Previously, he was vice president, Securities Division at Goldman Sachs, where he served as chief financial officer for America's Trading, and prior to that he served as president of Hull Transaction Services. David Prosperi has 30 years of experience in media relations, public affairs and corporate communications, including 17 years in listed financial derivatives markets. He served as vice president, global public relations, at Aon plc, where he was responsible for driving the firm's corporate communications and public relations strategy with emphasis on the firm's risk and human resources functions as well as executive communications. Patricia Overstreet-Miller has broad and diverse communications experience, as well as specific expertise in employee communications. She was the top communications executive in North America for Zurich Insurance Co. In that role, she was responsible for media and public relations, employee communications and engagement, and corporate positioning. Previously, she served as senior director, chief communications and marketing officer for The McCormick Foundation.

Options Clearing Corp. Announces Executive Appointments

Options Clearing Corp. announced that it appointed Scot Warren as executive vice president of business development and the Options Industry Council. Additionally, the company hired David Prosperi as first vice president of public relations and Patricia Overstreet­-Miller as first vice president of corporate communications. Warren previously served as senior managing director of equity products and index services at CME Group Inc. Prosperi previously served as vice president of global public relations at Aon Plc, while Overstreet­-Miller was the top communications executive in North America for Zurich Insurance Co.

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