Business and Personal Finance Dictionary

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• OPTIONS CLEARING CORPORATION (OCC)
  
  The Options Clearing Corporation issues all exchange-listed securities options and handles the processing, delivery, and settlement of all options transactions. The OCC, which is responsible for maintaining a fair and orderly market in options, is overseen by the Securities and Exchange Commission (SEC) and is jointly owned by each of the four exchanges that trade options: The American Stock Exchange, the Chicago Board Options Exchange, the Pacific Exchange, and the Philadelphia Stock Exchange. The OCC is also a valuable source for investor information. For an overview of what you should know about options trading, check their publication Characteristics and Risks of Standardized Options.
  
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