The Nasdaq Options Market (NOM) has joined the Options Industry Council (OIC), a Chicago-based industry cooperative funded by the U.S. options exchanges and the Options Clearing Corp. (OCC). Nasdaq's homegrown options exchange--the seventh in the U.S.--has been an OCC member since opening for business in March.
Adam Nunes, head of NOM, said his venue is "delighted to collaborate with the OIC on their many initiatives focused on enhancing the awareness of key issues and developments within the options industry." Added Gina McFadden, EVP of the OCC and president of the OIC, which has provided investor education for more than 15 years, "With volume soaring over the last several years, it is evident that investors desire a greater knowledge of equity options."
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