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  3. OCC average daily loan value up 20.2% YoY for September
Industry news

OCC average daily loan value up 20.2% YoY for September


04 October 2023 US
Reporter: Carmella Haswell

Generic business image for news article
Image: Urupong/stock.adobe.com
The Options Clearing Corporation (OCC) records a 20.2 per cent year-on-year increase in average daily loan value for securities lending trades, generating US$147.3 billion for September.

However, total securities lending volumes cleared on the OCC platform decreased 1.5 per cent to 200,880 in September, compared to the previous year.

Total volume for all futures and options cleared through OCC has dropped 7.4 per cent YoY to 847.8 million contracts for September 2023.

Year-to-date average daily volume for all futures and options cleared on the platform through 2023 was 44.4 million contracts, up 8.7 per cent compared to YTD average daily volume through 2022.

The platform experienced a 9.3 per cent YoY hike in index options contracts for September to 80.0 million and a 5.3 per cent YoY decline in cleared futures contracts to 4.7 million.

ETF options contracts cleared on OCC have decreased 10.4 per cent YoY for September to 348.8 million. Equity options volumes have also declined 7.5 per cent YoY to 414.4 million for September.
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