OCC Plan May Cut Capital Costs for Europe Options Traders
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Options Clearing Corp., the Chicago-based clearinghouse for U.S. stock options, plans to register in Europe to help lower capital requirements for firms based there who want to trade American equity derivatives.
OCC has filed to become compliant with the European Market Infrastructure Regulation, meaning banks registered in the region can trade U.S. options without incurring higher capital costs, Chief Risk Officer Michael Walinskas said today.