OCC's securities lending up 24% 02 August 2011Chicago Reporter: Anna Reitman
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New loan activity increased 24 per cent, or over 67,000 contracts in July compared to the same month last year, said Chicago-based Options Clearing Corporation (OCC). The lift includes data from both its CCP securities lending markets, the OTC stock loan programme and AQS automated platform, which had an average daily notional value of $13.2 billion. Year to date, securities lending activity is up 37 per cent, or over 466,000 new loan transactions.
In overall derivatives activities, OCC cleared over 350 million contracts in July, a 26 per cent increase from the same period last year, and reports a 13 per cent increase in total volume year to date.
Futures' performance was mixed though overall it saw the biggest bump, up 55 per cent. Index and other futures soared 118 per cent to around 2.8 million contracts traded while US equity futures dropped 81 per cent, an indication of lower risk appetite as investors digest weak macroeconomic signals in a faltering recovery.
Exchange-listed options were up 26 per cent, with index options up 35 per cent year-on-year, but only one per cent year-to-date. Equity options continue to show strength, rising to almost 321 million contracts traded in July versus 257 million in July last year, up 25 per cent, also registering a bump of 14 per cent year-to-date.
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