Market regulation · 23/11/2011

OCC Seeks Approval for Clearing Options on CBOE Silver Volatility Index

The Options Clearing Corporation (OCC) has submitted a proposed rule change to the Securities and Exchange Commission (SEC) for approval, aiming to clear options on the CBOE Silver Volatility Index (SVI). The OCC is seeking to expand its clearing services to include these options, which are used to hedge against market volatility.