What is the Optional Industry Council (OIC)?
The Options Industry Council (OIC) refers to co-operatives that help educate investors and financial advisers on the benefits and risks of listed equity options.
- Established in 1992, the Option Industry Council (OIC) is a cooperative formed by the US Options Exchange and Option Clearing Corporation.
- OIC educates investors and financial advisers on the benefits and risks of listed equity options.
- OIC offers online classes, face-to-face seminars, online webcasts and podcasts, along with materials such as DVDs and pamphlets.
- There are three areas of expertise that OIC provides: institutional investors, financial advisors and investors.
Understand the Options Industry Council (OIC)
OIC was founded in 1992 by the US Options Exchange and Option Clearing Corporation (OCC). Its mission is to raise awareness and educate investors about listed equity options. OIC is sponsored by a variety of companies, including Nasdaq Inc.’s International Stock Exchange (ISE).
Listing options are standardized derivative contracts. This product is guaranteed, traded on the exchange and settled through the clearinghouse. Investors trade these contracts by buying or selling a certain amount of financial assets at a given price, called the strike price, on or before a given date. The option to buy is a call and the option to sell is a put.
Understanding and trading these assets can be complicated. A group of US exchanges have worked with the OCC to establish the Options Industry Council to provide investors with educational tools and explain options in an easy-to-understand manner.
OIC serves as an educational resource to promote listed equity options. We offer online classes, face-to-face seminars, online webcasts and podcasts to investors and other traders. We also distribute teaching materials such as DVDs and pamphlets. In addition, the organization maintains a website and help desk to promote and support optional education. The materials presented on that website include basic options, advanced concepts, strategies, trading tools, calculators, and market quotes.
OIC is sponsored by companies including:
OIC states that its educational tools are free and fair.
All information provided by OIC has been thoroughly scrutinized. Ensure accuracy through appropriate compliance channels before being presented to investors and financial professionals. Experienced instructors strive to address the challenges investors face when trading options.
OIC information is useful in three areas of expertise:
- Institutional Investor Center: Registration is required for this area. These investors can get useful information about derivatives as well as market issues and trends that financial professionals need.
- Financial Advisor Center: Financial professionals can use the materials provided in this section to investigate the benefits of options to their customer base. Registration is also required in this area.
- Investor Services: This section provides all the basic information an investor needs for all commodities traded on the OCC exchange.