OCC to clear OTC S&P 500 Index equity derivatives, exec says

09/14/2011 | Bloomberg

Carolyn Mitchell, first vice president for business development at OCC, says the Chicago-based clearinghouse will start processing, pending regulatory approval, over-the-counter Standard & Poor's 500 Index equity derivatives. OCC soon will begin tests on the systems, Mitchell said at an industry conference sponsored by FIA and the Options Industry Council.

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