OCC enjoyed a sec lending boom in August
02 September 2016 Chicago
Image: Shutterstock
The Options Clearing Corporation’s (OCC) securities lending activity was up 35 percent in new loans in August, compared to 2015, with 160,798 transactions recorded.
Year-to-date stock loan activity was up 41 percent the same time last year, with 1.3 million new loan transactions in 2016.
The average daily loan value cleared by OCC was $149.6 billion for the month.
The Chicago-based clearinghouse also saw its futures volume climb 9 percent in August, compared to the year before, reaching 8.7 million contracts.
Year-to-date average daily cleared futures volume is up 52 percent with 388,085 contracts.
OCC’s options business was the only blemish on its August transaction data as it saw a 24 percent drop off in its exchange-listed options volume, compared to last year, with only 322.7 million contracts recorded.
Year-to-date average daily options volume suffered a small drop of three percent from 2015 with 16 million contracts.
Equity options volume achieved 289.1 million contracts, a 23 percent decrease from August 2015.
This includes cleared exchange-traded funds options volume of 121.4 million contracts last month, which represented a 30 percent decrease from last year.
Index options volume in August was down 36 percent with 33.6 million contracts.
Year-to-date stock loan activity was up 41 percent the same time last year, with 1.3 million new loan transactions in 2016.
The average daily loan value cleared by OCC was $149.6 billion for the month.
The Chicago-based clearinghouse also saw its futures volume climb 9 percent in August, compared to the year before, reaching 8.7 million contracts.
Year-to-date average daily cleared futures volume is up 52 percent with 388,085 contracts.
OCC’s options business was the only blemish on its August transaction data as it saw a 24 percent drop off in its exchange-listed options volume, compared to last year, with only 322.7 million contracts recorded.
Year-to-date average daily options volume suffered a small drop of three percent from 2015 with 16 million contracts.
Equity options volume achieved 289.1 million contracts, a 23 percent decrease from August 2015.
This includes cleared exchange-traded funds options volume of 121.4 million contracts last month, which represented a 30 percent decrease from last year.
Index options volume in August was down 36 percent with 33.6 million contracts.
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