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lana [24]
3 years ago
7

You are an RR at a firm and one of your customers calls you up and informs you that she wishes to exercise a long listed option

that she currently holds. To whom would your firm present such an exercise order?
Business
1 answer:
MAVERICK [17]3 years ago
7 0

Answer:

The correct answer is:  The firm would present the order to the Options Clearing Corporation.

Explanation:

The Options Clearing Corporation or OCC works under the Securities and Exchange Commission (<em>SEC</em>) and acts as a guarantor and the issuer of options and futures contracts. The OCC is also in charge of clearing transactions for stock indexes, interest rate composites, and foreign currencies.

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