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OCC Announces New Options Industry Council Roundtable Members

 

Chicago, IL — June 28, 2016

OCC, the world’s largest equity derivatives clearing organization and a leading provider of options education content through The Options Industry Council (OIC), today announced that Geralyn Endo, Vice President at Bank of America Merrill Lynch; Gary Franklin, Vice President and Manager, Options Trading and Strategies at Raymond James; Frank A. Magnani, Global Prime Brokerage Institutional Sales at Interactive Brokers and Barry Metzger, Senior Vice President, Trading Services, Charles Schwab & Co., Inc. and Chief Executive Officer, optionsXpress, have joined the OIC Roundtable.

The OIC Roundtable is the independent governing body of the OIC, and is comprised of representatives from the options exchanges, member brokerage firms, and OCC.

“We are pleased to have Geralyn, Gary, Frank and Barry join the OIC roundtable as their knowledge and vast experience in the financial industry will support OIC’s mission to educate investors, financial advisors and the general public about the benefits and risks of exchange-listed options,” said Mary Savoie, Executive Director of OIC. “Their contributions, along with those of our other roundtable members, will further elevate OIC as the leading provider of unbiased options education content through the promotion of greater awareness and understanding of the value of the listed options markets

“I also want to thank JJ Kinahan, Nick Otte and Gary Semeraro, who are leaving the Roundtable, for their service to OIC and the listed options industry. Their strategic insights have helped our industry to better serve market participants.”

Geralyn Endo

Endo currently serves as Vice President, Bank of America Merrill Lynch where she focuses on the Instinct Options® electronic execution platform. Previously, she was Director, Business Development at the International Securities Exchange where she spent 10 years and was responsible for business development, relationship management, and involved in product development. She also managed PrecISE Trade®, ISE’s front-end order and execution management system.

Gary Franklin

Franklin is a Vice President, Manager Options Trading & Strategies at Raymond James Financial. He performs and oversees daily options trading activity and provides strategic and portfolio analysis for Raymond James’ financial advisors and their clients. Franklin also provides timely information on the options markets to Raymond James financial advisors through RJ NET, a Web site on the Raymond James intranet. He joined Raymond James Financial January 2013. Previously, Franklin was a Managing Director, Manager Options Trading, Education, & Strategies and Senior Options Principal (ROSFP) with Morgan Keegan.

Frank A. Magnani

Magnani is presently affiliated with Interactive Brokers where his primary focus is on Hedge Funds, Proprietary Trading Groups, and Advisors. Over the years, he has founded and launched several prime brokerage divisions within existing financial institutions, launched a third party marketing firm, as well as implemented the operational, trading, sales and marketing infrastructures for those organizations. Magnani’s past experience includes being Global Head of Clearing and Prime Brokerage Sales for Investec Group USA and serving as Senior Vice President of Derivative Institutional Sales at the American Stock Exchange, with responsibility for managing the European Offices based in Amsterdam and London.

Barry Metzger

Metzger is the Senior Vice President of Trading Services at Charles Schwab, where he is responsible for the client experience, trading platforms, and education for Schwab’s active traders. He is also responsible for optionsXpress, a subsidiary of the Charles Schwab Corporation that provides brokerage services for options, stocks, futures, mutual funds, and fixed income investments in the United States and internationally. Metzger oversees all aspects of the firm including business strategy, client experience, operations, etc. Prior to his current role, Metzger was Chief Executive Officer of brokersXpress LLC, a former subsidiary of optionsXpress Holdings, Inc. Before optionsXpress, he was the Vice President of training and development at Morgan Stanley.

About OCC

OCC is the world’s largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) as a Registered Clearing Agency, and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.

About OIC

OIC is an industry cooperative funded by OCC and the U.S. options exchanges to provide free and unbiased education to investors and financial advisors about the benefits and risks of exchange-traded equity options. Managed by OCC, OIC offers education through the Options Education Program, which includes live seminars, self-directed online courses, mobile tools, podcasts, webinars and live help. OIC's Roundtable is the independent governing body of the Council and is comprised of representatives from the exchanges, member brokerage firms and OCC.

Media Contacts

Angela Kotso
312-322-6267
akotso@theocc.com
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