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OCC introduces new intraday risk charge covering zero-day options
Revised measures “a nightmare” to implement, says one broker-dealer
![0DTE-options-levy 0DTE-options-levy](/sites/default/files/styles/landscape_750_463/public/2024-05/0DTE-options-levy.jpg.webp?itok=NpE0RpeN)
The Options Clearing Corporation is levying a new charge on clearing members for intraday risk, with lofty bills for their clients’ zero-day-to-expiry option (0DTE) risk exposure.
The move has come after rapid growth in 0DTE trading volumes raised concerns that existing end-of-day margin calculations were failing to reflect the risk from firms trading the instruments.
A buy-side source familiar with the change says the new add-on charge for 0DTEs means clearing firms will have to put up “tens of
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