What is the Options Clearing Corporation (OCC)?

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MacroGlide on Instagram: "A clearinghouse in the stock market acts as the middleman between buyers and sellers to ensure trades are completed smoothly and securely. When a trade is executed, the clearinghouse steps in to guarantee both sides fulfill their obligations — the buyer receives the securities and the seller gets paid. This eliminates counterparty risk, meaning traders don’t have to worry about the other side defaulting. Clearinghouses also net transactions, reducing the total number of