OCC average daily loan value up 16% YoY for August
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OCC average daily loan value up 16% YoY for August 06 September 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 16 per cent YoY to US$139.8 billion for August.
The total securities lending volumes cleared by the Chicago-based clearing house during the month increased 6.9 per cent YoY to 218,910 transactions.
For futures and options, total volume has increased 12.2 per cent YoY to 1 billion contracts for August.
This growth has been driven by a 41.4 per cent YoY increase in index options contracts, which rose to 89.1 million contracts, and ETF options, which increased 29.1 per cent YoY to 410.9 million contracts.
Equity options saw a slight decrease, falling 1.6 per cent YoY to 518.3 million contracts. Equity options accounted for more than half of all options trades in August.
For futures, volumes increased by 24.7% YoY to 5.5 million contracts.
The year-to-date average daily volume for all futures and options cleared on the platform was 44.6 million contracts, an increase of 10.2 per cent as compared to the YTD average in August 2022.
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