OCC average daily loan value up by 8.3% YoY 05 July 2023US Reporter: Jamie Richards
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The Options Clearing Corporation (OCC) saw the average daily loan value for securities lending trades increase by 8.3 per cent YoY to US$139.2 billion.
The total securities lending volumes cleared by the Chicago-based clearinghouse has increased 0.2 per cent year-on-year to 206,450 transactions.
For futures and options contracts, total volume has grown 19.4 per cent YoY to 962.6 million contracts for June.
This growth has been propelled by an increase in index options, which have risen by 38.1 per cent YoY to 83.1 million contracts, and equity options, which have risen by 23.3 per cent YoY to 503.3 million contracts.
ETF options have also increased by 11.6 per cent YoY to 372.0 million contracts.
However, futures contracts have decreased slightly, falling 2.2 per cent YoY to 4.2 million.
The year-to-date average daily volume for all futures and options cleared on the platform is 44.7 million contracts, an increase of 8.7 per cent compared to the YTD average volume in June 2022.
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