OCC enjoys August sec lending climb
02 September 2015 Chicago
Image: Shutterstock
The Options Clearing Corporation (OCC) has announced that its securities lending central counterparty clearing activity was up 27 percent for new loans in August 2015 with 119,360 transactions.
Year-to-date stock loan activity is up 14 percent from 2014 with 891,492 new loan transactions in 2015, with the average daily loan value cleared by OCC valued at $183 billion.
OCC also released its clearing contract volume, which stands at 434 million for August this year, marking a 33 percent rise on 2014.
The corporation’s year-to-date average daily cleared contract volume is up 0.15 percent from 2014 with 16 million contracts so far in 2015.
Scott Warren, executive vice president of business development at OCC, said: “August’s volatility reached historic levels, surpassing the intraday levels last seen during the 2008 financial crisis and contributing to a surge in volume.”
“OCC’s increased resilience strengthened our ability to process and manage the elevated levels of risk activity efficiently and effectively for market participants,” he added.
OCC’s futures and options data revealed 48 and 33 percent increases respectively from August last year.
Last month’s figures achieved the second highest number of futures contracts for OCC, recorded at five million, although year-to-date average for daily cleared futures is actually down 4 percent on last year’s data.
In contrast, exchange-listed options volume outdid last year’s total by 0.21 percent, reaching 426 million.
Equity options volume achieved 373 million contracts, a 30 percent increase from last year while index options volume in August was also up 60 percent.
Year-to-date stock loan activity is up 14 percent from 2014 with 891,492 new loan transactions in 2015, with the average daily loan value cleared by OCC valued at $183 billion.
OCC also released its clearing contract volume, which stands at 434 million for August this year, marking a 33 percent rise on 2014.
The corporation’s year-to-date average daily cleared contract volume is up 0.15 percent from 2014 with 16 million contracts so far in 2015.
Scott Warren, executive vice president of business development at OCC, said: “August’s volatility reached historic levels, surpassing the intraday levels last seen during the 2008 financial crisis and contributing to a surge in volume.”
“OCC’s increased resilience strengthened our ability to process and manage the elevated levels of risk activity efficiently and effectively for market participants,” he added.
OCC’s futures and options data revealed 48 and 33 percent increases respectively from August last year.
Last month’s figures achieved the second highest number of futures contracts for OCC, recorded at five million, although year-to-date average for daily cleared futures is actually down 4 percent on last year’s data.
In contrast, exchange-listed options volume outdid last year’s total by 0.21 percent, reaching 426 million.
Equity options volume achieved 373 million contracts, a 30 percent increase from last year while index options volume in August was also up 60 percent.
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