OCC sees sec lending up by almost a third
06 October 2015 Chicago
Image: Shutterstock
New loan activity in OCC’s securities lending central counterparty increased 29 percent in September over the same month in 2014.
Year-to-date stock loan activity is up 15 percent from 2014 with more than one million new loan transactions in 2015.
The average daily loan value cleared by OCC in September was valued at $193 billion.
Overall OCC recorded a 3 percent drop off in cleared contracts volumes, compared to September 2014.
Cleared contracts fell from 371 million in 2014, to 361 million this year.
OCC's year-to-date average daily cleared contract volume also dropped by 0.17 percent from 2014.
"With lower levels of volatility, options trading volume decreased in September versus August, which is consistent with lower volumes in the underlying securities markets and index futures," said Scot Warren, executive vice president of business development at OCC.
Exchange-listed options volume was also down 3 percent and equity options dropped 6 percent from September 2014.
OCC cleared futures for September went against the trend entirely with a 32 percent increase on September 2014 figures, although year-to-date average daily cleared futures is down 0.25 percent from this time last year.
Year-to-date stock loan activity is up 15 percent from 2014 with more than one million new loan transactions in 2015.
The average daily loan value cleared by OCC in September was valued at $193 billion.
Overall OCC recorded a 3 percent drop off in cleared contracts volumes, compared to September 2014.
Cleared contracts fell from 371 million in 2014, to 361 million this year.
OCC's year-to-date average daily cleared contract volume also dropped by 0.17 percent from 2014.
"With lower levels of volatility, options trading volume decreased in September versus August, which is consistent with lower volumes in the underlying securities markets and index futures," said Scot Warren, executive vice president of business development at OCC.
Exchange-listed options volume was also down 3 percent and equity options dropped 6 percent from September 2014.
OCC cleared futures for September went against the trend entirely with a 32 percent increase on September 2014 figures, although year-to-date average daily cleared futures is down 0.25 percent from this time last year.
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