Record-breaking July a relief for OCC
04 August 2015 Chicago
Image: Shutterstock
OCC saw record levels of cleared contract volumes in July 2015, however year-to-date volumes are still behind last years’ figures.
Cleared contract volume in July reached more than 385 million contracts, a 7 percent increase on July 2014, which totalled 360.5 million contracts, and the highest contract volume on record for July.
Year-to-date, however, average daily cleared contract volumes are down 4 percent from an average of just under 17 million contracts in 2014 to 16.3 million contracts in the same period this year.
The same pattern is evident in the figures for exchange-listed options, equity options, and cleared futures.
The volume for exchange-listed options reached 379.2 million, a 7 percent increase on July 2014’s total of 355.4 million. Year-to-date, the average daily volume dipped by 4 percent from 16.7 million in 2014 to 16 million in 2015.
Equity options increased by 6 percent, from 322.4 million contracts in July 2014 to 340.1 million contracts in July 2015. Average daily contract dropped by 3.7 percent, year-to-date.
Index options contracts also increased by 18 percent, reaching 39 million in July 2015, compared to 33 million in July last year. Average daily volumes of contracts dipped by 8.1 percent, year-to-date.
Cleared futures volumes reached 6.2 million contracts, a 21 percent increase on July 2014’s total of 5.1 million. Again, year-to-date average daily cleared volumes were down by 11 percent, from an average of 267,559 year-to-date 2014 to 237,723 in the same period this year.
OCC’s securities lending central counterparty activity increased by 10 percent in new loans in July 2015, reaching 116,406 transactions. Year-to-date, stock activity is up on the same period last year by 12 percent, with 772,132 new loan transactions in 2015 so far.
The average daily loan value cleared in July reached a total of just under $187 billion.
Cleared contract volume in July reached more than 385 million contracts, a 7 percent increase on July 2014, which totalled 360.5 million contracts, and the highest contract volume on record for July.
Year-to-date, however, average daily cleared contract volumes are down 4 percent from an average of just under 17 million contracts in 2014 to 16.3 million contracts in the same period this year.
The same pattern is evident in the figures for exchange-listed options, equity options, and cleared futures.
The volume for exchange-listed options reached 379.2 million, a 7 percent increase on July 2014’s total of 355.4 million. Year-to-date, the average daily volume dipped by 4 percent from 16.7 million in 2014 to 16 million in 2015.
Equity options increased by 6 percent, from 322.4 million contracts in July 2014 to 340.1 million contracts in July 2015. Average daily contract dropped by 3.7 percent, year-to-date.
Index options contracts also increased by 18 percent, reaching 39 million in July 2015, compared to 33 million in July last year. Average daily volumes of contracts dipped by 8.1 percent, year-to-date.
Cleared futures volumes reached 6.2 million contracts, a 21 percent increase on July 2014’s total of 5.1 million. Again, year-to-date average daily cleared volumes were down by 11 percent, from an average of 267,559 year-to-date 2014 to 237,723 in the same period this year.
OCC’s securities lending central counterparty activity increased by 10 percent in new loans in July 2015, reaching 116,406 transactions. Year-to-date, stock activity is up on the same period last year by 12 percent, with 772,132 new loan transactions in 2015 so far.
The average daily loan value cleared in July reached a total of just under $187 billion.
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