The Small Exchange Secures OCC Clearing and Settlement Services, Reports Business Wire
"The Small Exchange, a new futures exchange backed by renowned innovators in the financial industry, today announced that OCC, the world’s largest equity derivatives clearing organization, received approval from its Board of Directors to provide central counterparty clearing and settlement services for the exchange. The proposed clearing agreement with OCC is subject to the regulatory approval process" reports Business Wire.
Don Roberts, the Small Exchange President and CEO said, “As an industry leader, OCC continues to pave the way to promoting financial and market integrity in the U.S. equity options and futures markets. They have been very supportive of our own mission to deliver access to the futures marketplace for participants at all levels. By providing us with clearing and settlement, we are closer in achieving the necessary steps to launch the exchange.”
The Small Exchange is making futures markets more accessible to more people with small, standard, and simple products that combine the best of futures and stocks.
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