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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Nasdaq Inc | NASDAQ:NDAQ | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.21 | 0.35% | 60.50 | 57.59 | 61.00 | 60.63 | 59.405 | 59.64 | 4,792,138 | 05:00:06 |
From Apr 2019 to Apr 2024
By Josh Beckerman
The Options Clearing Corp., which processes clearing and settlement services for options and futures, said the Securities and Exchange Commission has approved its capital plan.
The plan, which the OCC disclosed in December, increases shareholder equity from $25 million at the end of 2013 to $247 million, via equity capital contributions from the exchanges that are OCC's stockholders and retained earnings from 2014.
The exchanges will also provide as much as $117 million in replenishment capital in the event of unexpected losses.
The OCC said the plan strengthens its capital base and facilitates compliance with proposed SEC regulations for Systemically Important Financial Market Utilities as well as international standards.
The organization said the new plan enables it to lower fees, effective April 1.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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