U.S. regulators rejected on Wednesday Options Clearing Corp.’s plan to boost cash reserves, dealing a blow to what had been one of the clearing firm’s key initiatives since the financial crisis. The decision by the Securities and Exchange Commission could put an end to a yearslong dispute but creates fresh uncertainty for an organization at the center of the industry. OCC is the options market’s only clearinghouse, acting as a guarantor to about 17 million stock-options contracts a day.

Source: Wall Street Journal February 14, 2019 01:18 UTC