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OCC Clears Record Monthly Volume in October
[November 01, 2018]

OCC Clears Record Monthly Volume in October


OCC, the world's largest equity derivatives clearing organization, announced a record 567,833,544 total contracts cleared in October, the highest monthly total since OCC's founding in 1973.

October volume was up 48.9 percent compared to October 2017 volume of 381,467,272. OCC's year-to-date average daily cleared contract volume is up 21.3 percent, with 20,698,059 contracts compared to 17,070,435 contracts in 2017.

"OCC cleared record volume in October, providing high-quality and efficient clearance and settlement of exchange-traded options and futures as we continue to work to meet the heightened regulatory requirements expected of us as a Systemically Important Financial Market Utility. This achievement is a tribute to the hard work of many people across OCC and a demonstration of our commitment to serve as the foundation for secure markets," said John Davidson, OCC President and Chief Operations Officer.

Options: Overall exchange-listed options volume reached 555,628,831 contracts in October, up 49.7 percent from October 2017. Equity options volume reached a total of 492,277,954 contracts, a 50.7 percent increase from October 2017. This includes cleared ETF options volume of 230,928,177 contracts last month, a 83.4 percent increase compared to October 2017 volume of 125,932,951 contracts. Index options volume was up 42.8 percent with 63,350,877 contracts in October, with year-to-date average daily volume up 12.2 percent from October 2017.

Futures: Futures cleared by OCC reached 12,204,713 contracts in October, up 17.0 percent from October 2017. OCC's year-to-date average daily cleared futures volume is 421,033 contracts, 24.5 percent less than 2017.

Securities Lending: OCC's securities lending CCP activity was up 25.7 percent in new loans from October 2017 with 129,863 transactions last month. Year-to-date stock loan activity increased 20.1 percent from 2017 with 1,155,291 new loan transactions in 2018. The average daily loan value at OCC in October was $82,134,436,585.

Note: Beginning in October 2018, OCC adjusted its formula for average daily loan value to better reflect prevailing industry standards. OCC now reports average daily loan value based only on loan balance; previous reporting was based on both loan and borrow balances. No change was made to the reporting of transaction numbers.

For 2018 monthly exchange market share information, click here.





          October            
October 2018 October 2017 Total YTD Avg. YTD Avg. YTD Avg. Daily
Total Total Contract % Daily Daily Contract %
Contract Contract Change vs. Contract Contract Change vs. YTD
    Volume     Volume     2017     2018     2017     2017
Equity Options   492,277,954    

326,672,894

    50.7%     18,065,214     14,540,821     24.2%
ETF Options   230,928,177     125,932,951     83.4%     7,726,565     6,343,992     21.8%
Index Options   63,350,877     44,365,513     42.8%     2,211,812     1,972,017     12.2%
Total Options   555,628,831     371,038,407     49.7%     20,277,026     16,512,838     22.8%
Total Futures   12,204,713     10,428,865     17.0%     421,033     557,597     -24.5%
Total Volume   567,833,544     381,467,272     48.9%     20,698,059     17,070,435     21.3%
 

About OCC

OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC (News - Alert)) as a registered clearing agency and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2018 Best Clearing House by Markets Media, OCC now provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com


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