OCC cleared securities lending volumes jump 11.2% YoY for March
04 April 2023 US
Image: Pixels_Hunter/stock.adobe.com
Securities lending volumes cleared on the Options Clearing Corporation (OCC) platform has increased 11.2 per cent year-on-year to 235,633 trades for March 2023.
However, the average daily loan value for securities lending trades cleared on the Chicago-based platform contracted 3.9 per cent YoY to US$132.2 billion.
For futures and options contracts, total volume for all futures and options cleared through OCC has risen 12.2 per cent YoY to 1.1 billion transactions for March 2023.
Total clearing volume in March 2023 was the highest in OCC’s history and the first time cleared contract volume surpassed 1 billion contracts in a single month.
The year-to-date average daily volume for March 2023 for all futures and options cleared on the platform increased 8.4 per cent to 46.3 million contracts, compared to March 2022.
Contributing to the new record, the platform experienced a 67.7 per cent YoY hike in index options contracts for the month to 89.6 million and a 35 per cent YoY increase in cleared futures contracts to 6.1 million.
ETF options contracts cleared on OCC rose 32.9 per cent YoY for March to 463.4 million.
In contrast, equity options contracted 6.9 per cent YoY to 500 million for March.
However, the average daily loan value for securities lending trades cleared on the Chicago-based platform contracted 3.9 per cent YoY to US$132.2 billion.
For futures and options contracts, total volume for all futures and options cleared through OCC has risen 12.2 per cent YoY to 1.1 billion transactions for March 2023.
Total clearing volume in March 2023 was the highest in OCC’s history and the first time cleared contract volume surpassed 1 billion contracts in a single month.
The year-to-date average daily volume for March 2023 for all futures and options cleared on the platform increased 8.4 per cent to 46.3 million contracts, compared to March 2022.
Contributing to the new record, the platform experienced a 67.7 per cent YoY hike in index options contracts for the month to 89.6 million and a 35 per cent YoY increase in cleared futures contracts to 6.1 million.
ETF options contracts cleared on OCC rose 32.9 per cent YoY for March to 463.4 million.
In contrast, equity options contracted 6.9 per cent YoY to 500 million for March.
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