OCC's stock loan program sees July jump 09 September 2011Chicago Reporter: Anna Reitman
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OCC's stock loan program, including OTC and AQS, reported a 24 per cent jump in new loan activity, at just over 67,500 new loan transactions, in July compared to the same month last year. Year-to-date securities lending activity is up 37 per cent from the year previous at over 465,000 new loan transactions. The average daily notional value was at $13.2 billion.
Across its options and futures business, OCC cleared a total of over 350 million contracts in July, representing a 26 percent increase over the July 2010 volume, while year-to-date total volume is up 13 percent from 2010 with 2.6 billion contracts in 2011.
In a separate announcement, OCC and the Options Industry Council (OIC) have renamed their resource centre to Investor Services, which provides information and education for all products cleared by OCC.
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