OCC sees an upward trend in securities lending
03 July 2020 Chicago
Image: Sergey Nivens/Shutterstock.com
The Options Clearing Corporation (OCC) has revealed that its securities lending central counterparty (CCP) activity increased by 16.44 percent in new loans last month, compared to June 2019, with 124,083 transactions.
The average daily loan value at OCC in June was $76.2 billion, an 8.19 percent decrease compared to June 2019.
The Chicago-based equity derivatives organisation saw June’s total cleared contract volume was 693 million contracts, the US equity options industry’s highest month ever.
This represented an increase of 80.7 percent from the volume seen in June 2019 and beat the previous record of 670.65 million cleared contracts set in March by 3.34 percent.
Equity options volume was also up 91 percent from June 2019 with 651 million contracts.
OCC revealed that three trading days in June landed within the top-five trading days on record, with 11 June clearing 48 million contracts – the second-highest cleared contract volume day in OCC’s history.
The average daily loan value at OCC in June was $76.2 billion, an 8.19 percent decrease compared to June 2019.
The Chicago-based equity derivatives organisation saw June’s total cleared contract volume was 693 million contracts, the US equity options industry’s highest month ever.
This represented an increase of 80.7 percent from the volume seen in June 2019 and beat the previous record of 670.65 million cleared contracts set in March by 3.34 percent.
Equity options volume was also up 91 percent from June 2019 with 651 million contracts.
OCC revealed that three trading days in June landed within the top-five trading days on record, with 11 June clearing 48 million contracts – the second-highest cleared contract volume day in OCC’s history.
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