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Industry news

OCC average daily loan value grows 22% YoY for April


02 May 2024 US
Reporter: Sophie Downes

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Image: gonin
The Options Clearing Corporation (OCC) has recorded a 22.0 per cent year-on-year increase in average daily loan value for securities lending trades across its platform, generating US$161.4 billion for April.

Total securities lending transaction volumes cleared on the OCC platform have also increased by 33.31 per cent YoY to 246,033 transactions for the same month.

Total volume for all futures and options cleared through the equity derivatives clearing organisation has risen 34.4 per cent YoY to 1,027.2 million contracts for April 2024.

Year-to-date average daily volume for all futures and options cleared on the platform through 2024 was 47.1 million contracts, up 5.7 per cent compared to YTD average daily volume through 2023.

OCC experienced a 44 per cent YoY rise in index options contracts for the month of April to 96.8 million. There was a 92.4 per cent YoY increase in cleared futures contracts to 6.8 million.

ETF options contracts cleared on OCC have also risen 40 per cent YoY for April to 432.6 million. Equity options volumes increased 27.7 per cent YoY to 490.9 million for the same month.
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