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Industry news

OCC’s sec lending sees bumper April


03 May 2016 Chicago
Reporter: Drew Nicol

Generic business image for news article
Image: Shutterstock
Options Clearing Corporation (OCC) cleared almost double the number of new loans in April than it did in the same month last year.

Securities lending activity was also up 44 percent between January and April, compared to the same period in 2015, with 620,166 new loan transactions recorded.

Last month, OCC saw a 46 percent rise in volume over April 2015, recording 165,000 transactions.

The average daily loan value cleared by OCC was $133.8 billion in April.

Exchange-listed options volume also grew by a modest 1 percent over April 2015, with over 331.8 million contracts recorded.

Daily options volume between January and April was up 4 percent from 2015, with just over 16.7 million contracts.

OCC’s cleared futures jumped a massive 94 percent from the same time in 2015 and January to April’s figures also saw a 62 percent growth from the previous year.
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