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Post by serragoosenburg on Sept 21, 2010 1:17:29 GMT 4
The Options Clearing Corp. plans to begin processing over-the-counter equity derivatives based on the Standard & Poor’s 500 Index beginning in the middle of 2011, reducing trading firms’ risks on the securities linked to the benchmark measure of U.S. stocks.
Dealers will be able to clear the contracts on the S&P 500, S&P MidCap 400 Index and S&P SmallCap 600 Index through Chicago- based OCC, which handles all exchange-listed U.S. equity options. Regulatory approval from the Securities and Exchange Commission is pending.
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