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Industry news

OCC’s securities lending on the up for July


02 August 2019 Chicago
Reporter: Maddie Saghir

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Image: Shutterstock
OCC’s securities lending central counterparty (CCP) activity was up 10.5 percent in new loans from July last year with 114,818 transactions last month.

Year-to-date stock loan activity has decreased 2.1 percent from 2018 with 788,568 new loan transactions this year.

The average daily loan value at OCC in July was $73,050,633,613, a decrease of 14 percent compared to last July.

According to OCC, total cleared contract volume in July reached 403,483,838 contracts, a 7.9 percent increase compared to last July, and the highest total volume for July in OCC’s history.

OCC’s year-to-date average daily cleared contract volume is 19,358,621, down 5.8 percent compared to 2018’s record-breaking pace.

Futures cleared by OCC reached 6,641,028 contracts in July, up 3.5 percent from July last year.

OCC’s year to date average daily cleared futures volume is 304,897 contracts, 28.8 percent lower than 2018.

Meanwhile, for options, overall exchange-listed options volume reached 396,842,810 contracts in July, up 8 percent from 367,568,020 in 2018.

Equity options volume reached a total of 357,634,292 contracts, a 7.3 percent increase from July 2018.

This includes cleared exchange-traded funds options volume of 128,752,294 contracts last month, a 2 percent increase compared to the July 2018 volume of 126,246,601 contracts.
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