OCC clears record monthly volume
02 November 2018 Chicago
Image: Shutterstock
OCC, the world’s largest equity derivatives clearing organisation, revealed a record 567,833,544 total contracts cleared in October.
October volume was up 48.9 percent compared to the same period last year, where the volume was 381,467,272.
OCC’s year-to-date average daily cleared contract volume is up 21.3 percent, with 20,698,059 contracts compared to 17,070,435 contracts last year.
Meanwhile, OCC’s securities lending CCP activity was up 25.7 percent in new loans from October last year with 129,863 transactions last month.
Year-to-date stock loan activity increased 20.1 percent in new loans from 2017 with 1,155,291 new loan transactions this year.
It was also noted by the OCC that the average daily loan value at OCC in October was $82,134,436,585.
Futures cleared by OCC reached 12,204,713 contracts in October, which was up 17 percent from the same month last year.
According to OCC, OCC’s year-to-date average daily cleared futures volume is 421,033 contracts, which is 24.5 percent less than last year.
Overall, exchange-listed options volume reached 555,628,831 contracts in October, up 49.7 percent from October 2017.
John Davidson, OCC president and COO, commented: “OCC cleared record volume in October, providing high-quality and efficient clearance and settlement of exchange-traded options and futures as we continue to work to meet the heightened regulatory requirements expected of us as a Systemically Important Financial Market Utility.”
He added: “This achievement is a tribute to the hard work of many people across OCC and a demonstration of our commitment to serve as the foundation for secure markets.”
October volume was up 48.9 percent compared to the same period last year, where the volume was 381,467,272.
OCC’s year-to-date average daily cleared contract volume is up 21.3 percent, with 20,698,059 contracts compared to 17,070,435 contracts last year.
Meanwhile, OCC’s securities lending CCP activity was up 25.7 percent in new loans from October last year with 129,863 transactions last month.
Year-to-date stock loan activity increased 20.1 percent in new loans from 2017 with 1,155,291 new loan transactions this year.
It was also noted by the OCC that the average daily loan value at OCC in October was $82,134,436,585.
Futures cleared by OCC reached 12,204,713 contracts in October, which was up 17 percent from the same month last year.
According to OCC, OCC’s year-to-date average daily cleared futures volume is 421,033 contracts, which is 24.5 percent less than last year.
Overall, exchange-listed options volume reached 555,628,831 contracts in October, up 49.7 percent from October 2017.
John Davidson, OCC president and COO, commented: “OCC cleared record volume in October, providing high-quality and efficient clearance and settlement of exchange-traded options and futures as we continue to work to meet the heightened regulatory requirements expected of us as a Systemically Important Financial Market Utility.”
He added: “This achievement is a tribute to the hard work of many people across OCC and a demonstration of our commitment to serve as the foundation for secure markets.”
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