OCC ends 2016 with strong growth
04 January 2017 Chicago
Image: Shutterstock
OCC saw an increase of 29 percent in new loans in December, ending a year of consistent growth in its securities lending central counterparty activities on a high.
The clearinghouse recorded 177,826 stock loan transactions last month.
January to December securities lending activity was also up 37 percent with almost two million new loan transactions. OCC’s average daily loan value was $153 billion in December.
Total options volume in December reached more than 337 million contracts, which was down 3 percent from the same month in 2015.
Exchange-listed options volume was down 2 percent in 2016 with a little over 4.06 billion contracts.
Average daily options volume in 2016 was also down 2 percent with more than 16.12 million contracts.
OCC saw its futures contracts soar 56 percent in 2016, with more than 104.5 million cleared throughout the year.
“In 2016, OCC took great strides as the foundation for secure markets to enhance its resiliency by reducing the regulatory remediation gap and putting in place proactive policies and procedures to identify and resolve new problems,” said Craig Donohue, executive chair and CEO at OCC.
“We also made great progress in strengthening our relationships with regulators and policy makers and in reaffirming OCC's position as a strong, visible advocate for the US listed options industry and market participants.”
The clearinghouse recorded 177,826 stock loan transactions last month.
January to December securities lending activity was also up 37 percent with almost two million new loan transactions. OCC’s average daily loan value was $153 billion in December.
Total options volume in December reached more than 337 million contracts, which was down 3 percent from the same month in 2015.
Exchange-listed options volume was down 2 percent in 2016 with a little over 4.06 billion contracts.
Average daily options volume in 2016 was also down 2 percent with more than 16.12 million contracts.
OCC saw its futures contracts soar 56 percent in 2016, with more than 104.5 million cleared throughout the year.
“In 2016, OCC took great strides as the foundation for secure markets to enhance its resiliency by reducing the regulatory remediation gap and putting in place proactive policies and procedures to identify and resolve new problems,” said Craig Donohue, executive chair and CEO at OCC.
“We also made great progress in strengthening our relationships with regulators and policy makers and in reaffirming OCC's position as a strong, visible advocate for the US listed options industry and market participants.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
