CME Ex-CEO Tackles Options Market Risk in New Clearinghouse Role
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Craig Donohue, the new chairman of Options Clearing Corp., says he’s focused on improving the organization’s operations after regulators criticized how it managed risk in the $1.2 trillion U.S. equity options market.
“My focus and part of my role and responsibility is to make sure we have a highly compliant organization,” Donohue, who became OCC’s chairman in January, said during a phone interview yesterday. He previously served as chief executive officer of Chicago-based CME Group Inc., owner of the world’s biggest futures exchange.