SOURCE: OCC

OCC

April 01, 2011 14:06 ET

OCC Announces 19% Increase in Cleared Contracts for Record Volume Month in March

CHICAGO, IL--(Marketwire - April 1, 2011) -  OCC announced today that total volume reached 421,466,054 contracts in March, representing a 19 percent increase over the March 2010 volume of 353,294,816 contracts. This marks a new record month and quarter for OCC cleared volume and is the second time total cleared volume surpassed 400 million contracts in one month. OCC ended the first quarter with total volume reaching 1,160,299,965 contracts, up 25 percent from 2010.

Options: Exchange-listed options trading increased 19 percent over March 2010 with 417,188,575 contracts and set a monthly trading record 3 percent higher than the previous record set in May 2010. Index options trading rose 13 percent from the previous March. The highest volume day for the month was recorded on March 17 when 28,603,262 contracts changed hands. Two of the top ten highest volume days occurred during the month.

Futures: Futures cleared by OCC reached 4,277,479 contracts in March, up 87 percent from 2010. Index and other futures volume came in at 3,797,711 contracts this month and show a year-to-date average of 154,715 daily contracts. Equity futures contract volume reached 479,402 in March, up 25 percent from March of last year. OCC is averaging 168,010 futures contracts per day in 2011, up 63 percent from 2010.

Securities Lending: OCC's stock loan program, including OTC and AQS, saw a 45 percent increase in new loan activity over March 2010 with 70,766 new loan transactions in March. Year- to-date securities lending activity is up 64 percent from 2010 with 207,358 new loan transactions in 2011. OCC's stock loan program had an average daily notional value of $13,248,850,053.

    March 2011 Total Contract Volume   March 2010 Total Contract Volume   March Total Contract % Change vs. 2010   YTD. Avg. Daily Contract 2011   YTD. Avg. Daily Contract 2010   Avg. Daily Contract % Change vs. 2010
Equity Options   386,202,726   323,641,745   19%   17,305,817   13,975,468   24%
Index Options   30,985,849   27,363,133   13%   1,240,688   1,188,477   4%
Total Options   417,188,575   351,004,878   19%   18,546,506   15,163,945   22%
Equity Futures   479,402   385,125   24%   13,282   17,160   -23%
Index /
Other Futures
  3,797,711   1,904,039   99%   154,715   85,579   81%
Options on Futures   366   774   -53%   14   32   -56%
Total Futures   4,277,479   2,289,938   87%   168,010   102,770   63%
Total Volume   421,466,054   353,294,816   19%   18,714,516   15,266,715   23%

About OCC
OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 15 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. In 1993, OCC became the first clearinghouse to receive a 'AAA' credit rating from Standard & Poor's Corporation, and has continued to receive that high rating every year as a result of its risk management standards. More information about OCC is available at www.theocc.com.

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