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02 May 2013
Chicago
Reporter Georgina Lavers

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OCC’s lending CCP rises by 53 percent

The Options Clearing Corporation (OCC's) securities lending CCP activities saw a 53 percent increase in new loans over April 2012 with 121,910 transactions last month.

Year-to-date stock loan activity is up 38 percent from 2012 with 408,486 new loan transactions in 2013. The average daily loan value at OCC in March was $48,863,005,728.

The equity derivatives clearing organisation also announced that cleared contract volume for the month was 376,392,187 contracts, a 17 percent increase from April 2012. OCC's year-to-date total contract volume is down half a percent from April 2012 with 1,383,287,827 contracts.

Exchange-listed options trading volume reached 371,147,433 contracts in April, a 16 percent increase from April 2012 and the highest April volume level ever recorded.

Average daily volume in April came in at 16,870,338 contracts, 6 percent more than the 15,982,030 contracts in April of last year. Year-to-date volume stood at 1,364,727,666 contracts, down 1 percent from the 1,380,749,815 contracts at the same point last year.

Futures cleared by OCC reached 5,244,754 contracts in April, up 123 percent from April 2012. OCC cleared an average of 238,398 futures contracts per day last month, a 103 percent increase from April 2012. OCC’s year-to-date cleared futures volume is up 87 percent with 18,560,161 contracts in 2013.

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