Series 7: 5.2.3 Options Clearing

Taken from our Series 7 Top-off Online Guide

5.2.3 Options Clearing

Options orders are always carried out by a member of an options exchange that has a clearing arrangement with the OCC. Usually the exchange member is a broker-dealer, but it also might be the exchange itself.

Clearing members are responsible to the OCC for the settlem

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Series 7: 5.2.3 Options Clearing

Taken from our Series 7 Top-off Online Guide

5.2.3 Options Clearing

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