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Industry news

Volumes flat at OCC, but securities lending grows


02 September 2010 Chicago
Reporter: Ben Wilkie

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Image: Shutterstock
The Options Clearing Corporation (OCC) announced today that total OCC cleared volume in August reached 285,128,314 contracts, representing a one per cent decrease over the August 2009 volume of 287,627,998 contracts.

OCC's year-to-date average daily volume is up seven per cent compared to 2009 with 15,440,615 and year-to-date total volume is up seven per cent with 2,578,582,756 contracts.

Activity in OCC's securities lending programme has continued to grow with an 88 per cent increase over last August.

Options: Exchange-listed options trading volume reached 283,487,110 contracts in August, a one per cent decrease from August 2009. Index options trading rose 10 per cent from the previous August. Year-to-date average daily contract volume for exchange-listed options is up six per cent compared to the same period last year.

Futures: Futures cleared by OCC in August rose to 1,641,204 contracts with a year-to-date average daily contract volume of 100,888. Equity futures volume reached 407,036 contracts, a 53 per cent increase over the same month last year when 266,891 were traded. Index and other futures volume came in at 1,233,881 this month and show a year-to-date average of 79,319 daily contracts.

Securities Lending: In addition to the 88 per cent increase from August 2009, OCC's stock loan programme, including OTC and AQS, saw a nine per cent increase in new loan activity over July with 59,778 new loan transactions in August. Year-to-date securities lending activity is up 62 per cent from 2009 with 400,204 new loan transactions in 2010. OCC's stock loan program had an average daily notional value of $13,171,478,824 in August.

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