OCC hits record highs for 2018
03 January 2019 Chicago
Image: Shutterstock
OCC revealed it set new annual cleared contract volume record for the U.S. exchange-listed options and futures industry, clearing 5.24 billion total contracts and 5.14 billion options contracts.
These figures surpass the previous records of 4.60 billion total contracts and 4.56 billion options contracts, set in 2011. Compared to 2017, OCC had a 21.1 percent increase in total contracts cleared as well as a 22.6 percent increase in options contracts cleared.
Meanwhile, OCC’s securities lending central counterparty activity was up 3.9 percent in new loans from December 2017 with 107,214 transactions last month.
For the year, stock loan activity increased 17.2 percent from 2017, with 1,374,319 new loan transactions in 2018. The average daily loan value at OCC in December was $70,160,856,931.
Total cleared contract volume, which proved the be the most active December to date for OCC, reached 436,771,941 contracts in December, up 26.2 percent compared to the December 2017 volume of 346,006,092 contracts.
Equity options volumes reached a total of 376,883,978 contracts, a 27.7 percent increase from December 2017.
Futures cleared by OCC reached 7,693,725 contracts in December, down 23.4 percent from December 2017.
OCC’s average daily cleared futures volume for 2018 was 417,882 contracts, 24.0 percent less than 2017.
John Davidson, OCC president and COO, commented: “Throughout 2018, OCC delivered operational and capital efficiencies to our participating exchanges, clearing firms, and market users in our role as a systemically important financial market utility.”
“As we look forward to 2019, my OCC colleagues remain committed to strengthening our resiliency and risk management capabilities to ensure confidence in the financial markets and the broader economy, and to continue to clear the path for growth in the US equity options and futures industry.”
These figures surpass the previous records of 4.60 billion total contracts and 4.56 billion options contracts, set in 2011. Compared to 2017, OCC had a 21.1 percent increase in total contracts cleared as well as a 22.6 percent increase in options contracts cleared.
Meanwhile, OCC’s securities lending central counterparty activity was up 3.9 percent in new loans from December 2017 with 107,214 transactions last month.
For the year, stock loan activity increased 17.2 percent from 2017, with 1,374,319 new loan transactions in 2018. The average daily loan value at OCC in December was $70,160,856,931.
Total cleared contract volume, which proved the be the most active December to date for OCC, reached 436,771,941 contracts in December, up 26.2 percent compared to the December 2017 volume of 346,006,092 contracts.
Equity options volumes reached a total of 376,883,978 contracts, a 27.7 percent increase from December 2017.
Futures cleared by OCC reached 7,693,725 contracts in December, down 23.4 percent from December 2017.
OCC’s average daily cleared futures volume for 2018 was 417,882 contracts, 24.0 percent less than 2017.
John Davidson, OCC president and COO, commented: “Throughout 2018, OCC delivered operational and capital efficiencies to our participating exchanges, clearing firms, and market users in our role as a systemically important financial market utility.”
“As we look forward to 2019, my OCC colleagues remain committed to strengthening our resiliency and risk management capabilities to ensure confidence in the financial markets and the broader economy, and to continue to clear the path for growth in the US equity options and futures industry.”
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