Total cleared volume in May at OCC reached 362,653,311 contracts, an 11 per cent decline from the May 2010 volume of 408,432,157 contracts.
While May volume is off against last year’s peak volume at this time, OCC reported options, futures, and securities lending volume remain on track for a record year. OCC's year-to-date average daily volume of 18,072,968 is an increase of eight per cent compared to the same point in 2010 and year-to-date total volume is up 9 percent with 1,861,515,709 contracts.
Options: Exchange-listed options trading volume reached 359,310,820 contracts in May, representing an 11 per cent decrease from May 2010. Equity options volume declined nine per cent from the previous May with 336,176,810 contracts. Year-to-date average daily volume for exchange-listed options was up eight per cent compared to the same period last year with 17,908,933 contracts.
Futures: Futures cleared by OCC reached 3,342,491 contracts in May, up 30 per cent from May 2010. Index and other futures volume was up 51 per cent with 3,078,345 contracts. Equity futures volume declined 50 per cent with 263,912 contracts in May. OCC’s year-to-date total futures volume is up 49 per cent in 2011 with 16,895,625 cleared contracts.
Securities lending: OCC's stock loan programme, including OTC and AQS, saw a 31 per cent increase in new loan activity over May 2010 with 64,015 new loan transactions in May. Year-to-date securities lending activity is up 47 per cent from 2010 with 330,777 new loan transactions in 2011. OCC's stock loan programme had an average daily notional value of $12,980,636,905.
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