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Industry news

OCC reports volume up 10 percent in August


05 September 2018 Chicago
Reporter: Brian Bollen

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Image: Shutterstock
OCC has reported that total cleared contract volume in August reached 433,740,316 contracts, an increase of 10 percent compared to last year’s August volume of 395,912,022.

OCC also revealed that its year-to-date average daily cleared contract volume is up 19 percent with 20,321,325 contracts, compared to 17,068,192 contracts last year.

Securities lending central counterparty (CCP) and exchange-listed options activity rose, but futures fell.

OCC said that securities lending CCP activity was up 17 percent in terms of new loans from August 2017 with 235,780 transactions last month.

Year-to-date stock loan activity increased 21 percent from 2017 with 1,847,162 new loan transactions in 2018. The average daily loan value at OCC in August was $160,653,020,057.

Overall exchange-listed options volume reached 426,237,903 contracts in August, up 12 percent from August 2017. Equity options volume reached a total of 384,002,068 contracts, a 17 percent increase from a year earlier.

This includes cleared exchange-traded fund options volume of 145,281,116 contracts last month, down five percent compared to August 2017 volume of 153,638,751 contracts.

Index options volume was down 18 percent with 42,235,835 contracts in August. The year-to-date average daily volume was up 12 percent from August 2017.

The number of futures cleared by OCC reached 7,502,413 contracts in August, down 50 percent from August 2017. OCC said its year-to-date average daily cleared futures volume is 414,516 contracts, 27 percent less than in the same period in 2017.
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