31 Aug 2001, Oliver Bennett, Risk magazine
The OCC completed operational readiness testing to clear single-stock futures on August 17. “Our agreement with NQLX marks our initial entry into the security futures market-place,” said Wayne Luthringshausen, chairman and chief executive officer of the OCC. “We're confident that our expertise in clearing derivatives, our open interest in options which enables us to offer margin offsets and our commitment to security futures products will serve this relationship well."
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