Goldman Sachs Group, Bank of America (BofA), and Citadel Securities are advocating for a controversial proposal from the Options Clearing Corporation (OCC) that seeks to modify how contributions to a clearing fund are calculated. This proposal is designed to reduce the risk of sudden reallocations of the clearing fund during market stress. Executives from these firms argue that the current system unfairly burdens clearing members whose activities contribute to the growth of the clearing fund without holding them accountable for funding that increase. The ongoing debate reflects rising tensions between Wall Street and retail brokers, particularly as the retail derivatives trading market has expanded significantly since the COVID-19 pandemic, with the OCC now processing trades valued at approximately $4 trillion daily. The OCC's changes aim to ensure that risk charges are equitably distributed among large banks and retail brokers like Robinhood Markets and Charles Schwab, which have contributed to a 130% increase in average daily trading volume, now at 69 million trades.