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Industry news

OCC enjoys second highest year for cleared contracts


05 January 2015 Chicago
Reporter: Stephen Durham

Generic business image for news article
Image: Shutterstock
OCC cleared 4,333,019,384 contracts in 2014, a 4 percent increase from the 2013 volume of 4,170,855,768 contracts.

This total has made 2014 the second highest year for OCC cleared contract volume to date behind 2011’s record volume of 4.6 billion contracts.

OCC ended the year with 360,688,154 cleared contracts in December, an 11 percent increase from December 2013. OCC also reported a record year for cleared futures volume.

The organisation’s securities lending central counerparty activities saw a 25 percent increase in new loans from December 2013 with 116,240 transactions during the month.

Stock loan activity in 2014 was down 3 percent from 2013 with 1,204,976 new loan transactions in the year. The average daily loan value at OCC in December was $166.2 billion.

Exchange-listed options volume was up 4 percent in 2014 with 4,265,368,807 contracts, passing 4 billion contracts for the fourth consecutive year and marking the second highest options volume year on record.

Total options volume in December 2014 was 354,607,999 contracts, up 11 percent from December 2013. Average daily options volume in 2014 was up 4 percent with 16,926,066 contracts.

Finally, OCC cleared 67,650,577 futures contracts in 2014, a 14 percent increase from 2013 and the highest volume year for OCC cleared futures contracts to date.

OCC ended the year with 6,080,155 cleared futures contracts in December, up 7 percent from December 2013. OCC’s average daily cleared futures volume was up 14 percent in 2014 with 268,455 contracts.
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