OCC achieves record breaking 2020 06 January 2021US Reporter: Drew Nicol
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Options Clearing Corporation’s (OCC) securities lending clearing business closed 2020 on a high, marking a 21.2 percent increase in activity for December compared to the same period in 2019.
The average daily loan value in the final month of the year was $100.8 billion.
The central counterparty activity in new loans also increased by 22.8 percent year-on-year (YoY) for December, with 126,355 transactions last month.
Overall for 2020, OCC, the world’s largest equity derivatives clearing organisation, set several new records for cleared contract volumes for the US exchange-listed options industry.
In total, OCC cleared 7.52 billion total contracts and 7.47 billion options contracts in 2020, surpassing the previous records, set in 2018, of 5.24 billion total contracts and 5.14 billion options contracts.
Compared to 2019, OCC had a 51.2 percent increase in total contracts cleared and a 52.4 percent increase in options contracts cleared.
The high trading volume seen throughout the year was largely a symptom of investors seeking to reposition in the new pandemic environment and culminated in December marking the highest trading volume month in OCC’s history, up 80.9 percent YoY.
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