OCC Announces Standard Options Are Now Being Processed On Friday

OCC announced today that expiration processing of standard options has moved from Saturday to Friday.

After receiving approval from The Securities and Exchange Commission (SEC), OCC transitioned the standard monthly back office expiration process from Saturday to Friday night.  This change was effective with the standard expiration process that took place on Friday, June 21, 2013, and was the culmination of a multi-year industry wide project.

The introduction of Weekly and Quarterly expirations created an environment in which all option contracts can be expired in a consistent repeated process. Moving the monthly standard expiration back office process from Saturday to Friday night aligns the United States options market with other global options markets and streamlines processing for all options on the same system. 

OCC would like to acknowledge the industry efforts of the clearing members, exchanges and service bureaus to achieve this transformative goal.