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 33.8% female and 45.9% ethnic minorities. Options Clearing employees are more likely to be members of the Democratic Party than the Republican Party, with 62.7% of employees identifying as members of the Democratic Party. But those numbers could change quickly because the turnover rate at Options Clearing is relatively high. Employees at Options Clearing stay with the company for an average of 2.8 years before leaving. The average employee at Options Clearing makes $73,707 per year. Pay at Options Clearing is significantly lower than some of its highest paying competitors, like D. E. Shaw & Co., Credit Suisse, and Deutsche Bank, which pay $116,851, $113,711, and $108,645, respectively.
Options Clearing is a medium finance company with 509 employees and an annual revenue of $175.0M that is headquartered in Chicago, Illinois.

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

$175.0M

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)
  • Julie Bauer (Executive Officer)
  • Richard Lindsey (Director)
  • Robert Litterman (Director)
  • Christopher Isaacson (Director)
  • Matthew Hughes (Executive Officer)
  • Daniel Busby (Executive Officer)
  • Mark Dehnert (Director)

Options Clearing Rankings

Options Clearing is ranked #56 on the Best Companies to Work For in Illinois 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 $73,707 per year. Employees in the top 10 percent can make over $126,000 per year, while employees at the bottom 10 percent earn less than $42,000 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 $73,707, different roles can command different wages. The higher paying positions at Options Clearing include Bank Examiner, Lead Application Developer, Senior Database Administrator, and Team Leader. A typical Bank Examiner salary at Options Clearing is $141,851. Other roles at Options Clearing include Cashier and Janitor. A Cashier at Options Clearing earns an average yearly salary of $22,115.

Options Clearing careers

On average, employees at Options Clearing stay with the company for 2.8 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
CME Group4.3 years

Options Clearing

2.8 years
Top Employers Before Options Clearing
IBM12.0 %
Citi9.0 %
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Top Employers After Options Clearing
Verizon7.4 %
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Options Clearing Financial Performance

8.8
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

Competitors of Options Clearing include D. E. Shaw & Co., Credit Suisse, and Deutsche Bank. Employees at D. E. Shaw & Co. earn more than most of the competition, with an average yearly salary of $116,851. The employees at Credit Suisse earn an average yearly salary of $113,711 per year, and the salaries at Deutsche Bank average $108,645 per year.

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 $175.0M 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 CME Group, Depository Trust & Clearing, Northern Trust, Nasdaq, NYSE Group, CBOE, U.S. Securities and Exchange Commission, D. E. Shaw & Co., ITG, Federal Reserve Bank of New York, Royal Bank of Canada, Investment Technology Group, Deutsche Bank, First Republic Bank, Credit Suisse, Tata Consultancy Services, Standard Chartered USA, Instinet, Mascon Global Consulting, Federal Home Loan Bank of Chicago.

Who works at Options Clearing?

Lauren Wong (Executive Officer)

Elizabeth King (Director)

Stephen Luparello (Director)

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You can find out what it is like to work at Options Clearing, also known as OCC, OPTIONS CLEARING CORP, Options Clearing Corporation, THE OPTIONS CLEARING CORP and The Options Clearing Corporation.

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.