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Options Clearing Overview

Options Clearing Corporation is a United States clearing house based in Chicago. It specializes in equity derivatives clearing, providing central counterparty clearing and settlement services to 16 exchanges. Started by Wayne luthringshausen and carried on by Michael Cahill, trust in the company was built.
The staff at Options Clearing come from unusually diverse demographic backgrounds. The company is 37.3% female and 45.8% ethnic minorities. Even though it has great demographic diversity, Options Clearing notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 67.9%. Despite having coworkers who agree with each other about politics, employees at Options Clearing tend to have relatively short tenures. Staff members usually stay with the company for 2.9 years. The average employee at Options Clearing makes $85,167 per year. Pay at Options Clearing is significantly lower than some of its highest paying competitors, like Federal Reserve System, SSA Holdings II, and Federal Reserve Bank of New York, which pay $116,230, $114,607, and $100,844, respectively.
Options Clearing is a medium finance company with 509 employees and an annual revenue of $750.0M that is headquartered in Chicago, IL.

The Organization’s Mission

We promote stability and market integrity through effective and efficient clearance, settlement and risk management services while providing thought leadership and education to market participants and the public about the prudent use of products we clear.

Industry

Financial Services

Revenue

$750.0M

Employees

509

Founded in

1973

Headquarters

Chicago, IL

Website

theocc.com

Organization Type

Private

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The Team At Options Clearing

Key People
  • Lauren Wong (Executive Officer)
  • Elizabeth King (Director)
  • Stephen Luparello (Director)
  • Thomas Wittman (Director)
  • Joseph Kamnik (Executive Officer)
  • Andrej Bolkovic (Director)
  • Scot Warren (Executive Officer)
  • Christine Show (Director)
  • David Prosperi (Executive Officer)
  • Susan Lester (Director)
  • William Yates (Director)
  • Hugo Mugica (Executive Officer)
  • Vishal Thakkar (Executive Officer)
  • Tracy Raben (Executive Officer)
  • David Hoag (Executive Officer)
  • John Fennell (Executive Officer)
  • Jonathan Werts (Director)
  • Meyer Frucher (Director)
  • David Goone (Director)
  • Alice White (Director)
  • John Davidson (Executive Officer)
  • Thomas Frank (Director)
  • Craig Donohue (Executive Officer, Director)
  • Denise Knabjian (Executive Officer)
  • Joseph Adamczyk (Executive Officer)
  • Dale Michaels (Executive Officer)
  • Amy Shelly (Executive Officer)
  • Timothy Dwyer (Executive Officer)
  • Kurt Eckert (Director)
  • Mark Morrison (Executive Officer)
  • Thomas Cardello (Director)
  • J. Hughes (Executive Officer)
  • Julie Bauer (Executive Officer)
  • Richard Lindsey (Director)
  • Robert Litterman (Director)
  • Christopher Isaacson (Director)
  • Daniel Busby (Executive Officer)
  • Mark Dehnert (Director)

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Options Clearing Rankings

Options Clearing is ranked #36 on the Best Finance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Options Clearing Salaries

How much does Options Clearing pay?
The national average salary for an Options Clearing employee in the United States is $85,167 per year. Employees in the top 10 percent can make over $137,000 per year, while employees at the bottom 10 percent earn less than $52,000 per year.
9.6
Salary Score
Average Employee Earnings

Options Clearing Salaries By Job Title

While Options Clearing employees earn an average yearly salary of $85,167, different roles can command different wages. Some of the job titles with high salaries at Options Clearing are lead application developer, project manager, devops engineer, and bank examiner. A typical lead application developer salary at Options Clearing is $137,888 per year. Other roles at Options Clearing include operator and receptionist. A operator at Options Clearing earns an average yearly salary of $31,252.
Job Title
Title
ascdesc
Average Salarydesc
Lead Application Developer
Salary Range130k - 145k$138k$137,888
Project Manager
Salary Range116k - 142k$129k$128,691
Devops Engineer
Salary Range121k - 135k$128k$128,143
Bank Examiner
Salary Range117k - 135k$126k$125,951
Quantitative Analyst
Salary Range104k - 132k$118k$117,581
Data Architect
Salary Range106k - 127k$116k$116,470
Senior Database Administrator
Salary Range107k - 124k$115k$115,304
Java Consultant
Salary Range101k - 114k$108k$107,845
Senior Software Engineer
Salary Range97k - 118k$107k$107,080
Quality Assurance Lead
Salary Range101k - 112k$107k$106,960
$75k
$145k

Options Clearing Careers

On average, employees at Options Clearing stay with the company for 2.9 years. Employees most commonly join Options Clearing after leaving IBM. When they leave Options Clearing, they most frequently get their next job at Wells Fargo.

Average Length of Employment

NYSE Euronext
5.2 years
CME Group
4.3 years
Nasdaq
3.9 years

Top Employers Before Options Clearing

IBM
12.1 %
Citi
8.1 %

Top Employers After Options Clearing

AT&T
6.1 %

Options Clearing Employee Demographics

9.9
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Options Clearing Employees Education

Of the 509 employees at Options Clearing, 16.9% attended DePaul University. Employees at Options Clearing most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Options Clearing Employee Political Affiliation

Options Clearing employees are most likely to be members of the Democratic Party. The largest donation made to a political party by an Options Clearing employee was by Craig Donohue. Craig Donohue donated $17,200 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Craig DonohueExecutive
Craig Donohue
Executive
Executive
Republican Party
Republican Party
$17,200Republican Party
$17,200
Stephen ChazenExecutive
Stephen Chazen
Executive
Executive
Republican Party
Republican Party
$12,900Republican Party
$12,900
Lee StrausAttorney
Lee Straus
Attorney
Attorney
Democratic Party
Democratic Party
$8,000Democratic Party
$8,000
Michael CahillPresident & Chief Operating Officer
Michael Cahill
President & Chief Operating Officer
President & Chief Operating Officer
Republican Party
Republican Party
$3,750Republican Party
$3,750
John DavidsonChief Executive Officer
John Davidson
Chief Executive Officer
Chief Executive Officer
Democratic Party
Democratic Party
$3,600Democratic Party
$3,600
Lee WalzerAttorney
Lee Walzer
Attorney
Attorney
Democratic Party
Democratic Party
$3,514Democratic Party
$3,514
Vincent WilkAttorney
Vincent Wilk
Attorney
Attorney
Democratic Party
Democratic Party
$3,350Democratic Party
$3,350
Julie BauerGovt Relations
Julie Bauer
Govt Relations
Govt Relations
Republican Party
Republican Party
$3,000Republican Party
$3,000
Wayne LuthringshausenChief Executive Officer
Wayne Luthringshausen
Chief Executive Officer
Chief Executive Officer
Democratic Party
Democratic Party
$3,000Democratic Party
$3,000
Ken GillProfessional
Ken Gill
Professional
Professional
Republican Party
Republican Party
$2,750Republican Party
$2,750
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Options Clearing Financial Performance

9.7
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

1973

Organization type

Private

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Options Clearing Competitors

Based on our research, similar companies to Options Clearing are Federal Reserve System, SSA Holdings II, and Federal Reserve Bank of New York. Employees at Federal Reserve System earn more than most of the competition, with an average yearly salary of $116,230. The salaries at SSA Holdings II average $114,607 per year, and the salaries at Federal Reserve Bank of New York come in at $100,844 per year.
Companydesc
Average Salarydesc
Federal Reserve System
Salary Range95k - 141k$116k$116,230

SSA Holdings II

Salary Range109k - 119k$115k$114,607
Federal Reserve Bank of New York
Salary Range81k - 124k$101k$100,844
Nasdaq
Salary Range76k - 130k$100k$99,851
NYSE Euronext
Salary Range75k - 126k$98k$97,780
Federal Reserve Bank of Richmond
Salary Range77k - 118k$96k$95,623
Federal Reserve Bank of SAN Francisco
Salary Range77k - 117k$95k$95,402
Federal Reserve Bank of Boston
Salary Range76k - 118k$95k$95,263
CME Group
Salary Range75k - 118k$94k$94,379
Depository Trust & Clearing
Salary Range74k - 113k$92k$91,796
$37k
$141k

Frequently Asked Questions about Options Clearing

When was Options Clearing founded?

Options Clearing was founded in 1973.

How many Employees does Options Clearing have?

Options Clearing has 509 employees.

How much money does Options Clearing make?

Options Clearing generates $750.0M in revenue.

What industry is Options Clearing in?

Options Clearing is in the financial services industry.

What is Options Clearing's mission?

Options Clearing's mission statement is "We promote stability and market integrity through effective and efficient clearance, settlement and risk management services while providing thought leadership and education to market participants and the public about the prudent use of products we clear."

What type of company is Options Clearing?

Options Clearing is a private company.

Who are Options Clearing's competitors?

Options Clearing competitors include Nasdaq, CME Group, NYSE Euronext, Depository Trust & Clearing, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Boston, Central Bank, Federal Reserve Bank of Richmond, Federal Reserve Bank of SAN Francisco, Federal Reserve Bank of Atlanta, Federal Reserve Bank of New York, Federal Reserve Bank of Cleveland, International Monetary Fund, Federal Reserve Bank of Chicago, Federal Reserve System, KBM Building Svc, Data Service Solutions, SSA Holdings II, The Standard.

Who works at Options Clearing?

Lauren Wong (Executive Officer)

Elizabeth King (Director)

Stephen Luparello (Director)

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Options Clearing, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Options Clearing. The employee data is based on information from people who have self-reported their past or current employments at Options Clearing. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Options Clearing and its employees or that of Zippia.

Options Clearing may also be known as or be related to OCC, OPTIONS CLEARING CORP, Options Clearing Corp., Options Clearing Corporation, THE OPTIONS CLEARING CORP and The Options Clearing Corporation.