The Option Clearing Corporation is owned by

A) the Federal Reserve System.
B) the exchanges on which stock options are traded.
C) the major U.S. banks.
D) the Federal Deposit Insurance Corporation.

Option Clearing Corporation

An organization that facilitates the clearing and settlement of options contracts, ensuring their performance.

Stock Options

Contracts that grant the holder the right, but not the obligation, to buy or sell a stock at a specified price before a specified date.