OCC welcomes ISE Mercury Options Exchange 18 February 2016Chicago Reporter: Drew Nicol
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ISE’s newly launched options exchange, ISE Mercury, has become an Options Clearing Corporation (OCC) participant exchange.
With the addition of ISE Mercury, OCC now provides central counterparty clearing and settlement services to 19 exchanges and trading platforms for securities lending transactions, options, security futures, financial and commodity futures.
ISE Mercury began operations on 16 February and brings the total number of US options markets to 14.
“We congratulate the International Securities Exchange on the successful launch of ISE Mercury,” said Michael McClain, OCC’s president and COO.
“We are pleased to provide central counterparty clearing and settlement services to our newest participant exchange. As a systemically important financial market utility and a foundation for secure markets, we are looking forward to the success of ISE Mercury.”
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