OCC sees back-to-back new loan activity fall 04 February 2020Chicago Reporter: Natalie Turner
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The Options Clearing Corporation (OCC) cleared its highest total contract volume last month but continues to see decreased activity in new securities lending activity.
OCC says its securities lending central counterparty (CCP) activity decreased by 6.56 percent year-on-year in new loans for January, with 107,395 transactions recorded.
Meanwhile, the Chicago-based equity derivatives CCP also saw its average daily securities loan value for January hit $81.21 billion, a 17.88 percent increase compared to January 2019.
Elsewhere, OCC’s total cleared contract volume for January was 521.73 million contracts, which it says is the industry’s highest-ever volume for January and third-highest month overall.
The highest month was October 2018 with 567.83 million cleared contracts, followed by August 2011 with 554.84 million in cleared contract volume.
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