Final answer:
The Canadian Derivatives Clearing Corporation (CDCC) reduces the default risk of exchange-traded derivatives in Canada.
Step-by-step explanation:
The correct answer is b. Canadian Derivatives Clearing Corporation.
The Canadian Derivatives Clearing Corporation (CDCC) is the organization that reduces the default risk of exchange-traded derivatives in Canada. It acts as the central clearing counterparty, ensuring that trades are cleared and settled in a timely manner and providing a guarantee to market participants.
The Ontario Securities Commission (a) is responsible for regulating the securities industry in Ontario, but it does not specifically deal with derivatives clearing.
The Investment Industry Regulatory Organization of Canada (c) is responsible for regulating investment dealers and trading activities in Canada, but it is not directly involved in reducing the default risk of exchange-traded derivatives.
The Canadian Securities Administrators (d) is an umbrella organization that coordinates and harmonizes the regulation of securities markets in Canada, but it does not have a direct role in reducing default risk.