About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

OCC is Selected as New Options Symbology System Operator

Subscribe to our newsletter

Following the furore surrounding the establishment of an alternative standard to the Options Price Reporting Authority (Opra) code last year, industry participants have finally selected a suitable candidate to operate the new symbology allocation system. There were ongoing discussions throughout 2008 about the lack of agreement on the basics surrounding the introduction of a new code but it seems that some progress has been made, including the selection of the Options Clearing Corporation (OCC) as the operator of the system.

The OCC was selected by market participants as the most suitable candidate to maintain a centralised database of securities symbols, although other players in the market were considered, including the Depository Trust & Clearing Corporation (DTCC), the Financial Industry Regulatory Authority (Finra), the Issuer Advisory Group (IAG) and SFB Market Systems (SFBMS). The OCC is the clearing house that since 2005 has led the Options Symbology Initiative (OSI) and was likely chosen because of this long association with the market.

Last year, the Financial Information Forum (FIF) released a report that indicated the cost of the introduction of the new system could total an estimated US$250 million.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing Non-Financial Misconduct Under SMCR

Non-financial misconduct – encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks to a firm’s culture and operational integrity. Recognizing the profound impact on...

BLOG

SEC’s 2026 Examination Priorities – 10 Notable Changes

The U.S. Securities and Exchange Commission (SEC) has released its Examination Priorities for 2026, and while many supervisory themes continue from 2025, the tone and structure of the new document reflect a decisive pivot. After years of rapid organisational expansion and broadening remit, the Division of Examinations is now emphasising consistency, prioritisation and the effective...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...