OCC scores May 2012 clearing increase 04 June 2012Chicago Reporter: Mark Dugdale
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OCC cleared 5 percent more contracts in May 2012 than it did in the same period in 2011.
It cleared 380,417,938 contracts in May 2012, compared to 362,653,311 in May 2011.
The equity derivatives clearing organisation operates under the jurisdiction of both the US SEC as a registered clearing agency and the US CFTC as a derivatives clearing organisation.
It provides CCP clearing and settlement services to 15 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions.
Securities lending, options and futures contracts make up OCC’s total statistics for May.
OCC’s stock loan programmme, which includes OTC and AQS (a securities lending platform and subsidiary of Quadriserv), saw 83,144 new loan transactions in May, a 30 percent increase on the same period in 2011.
Year-to-date securities lending activity increased by 14 percent from 2011 with 378,294 new loan transactions in 2012. OCC's stock loan programme had an average daily notional value of $32,519,734,680.
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