The Option Clearing Corporation is owned by
A) the Federal Reserve System.
B) the exchanges on which stock options are traded.
C) the major U.S. banks.
D) the Federal Deposit Insurance Corporation.

Question

Quizplus · Accepted Answer

The Option Clearing Corporation (OCC) is owned by the exchanges on which stock options are traded, serving as the central clearinghouse for these transactions and ensuring their smooth operation.

The Option Clearing Corporation Is Owned by