SOURCE: OCC

OCC

November 01, 2012 16:11 ET

OCC Announces Average Daily Cleared Contract Volume Down 17% in October, Futures and Securities Lending Activity Up 31%

CHICAGO, IL--(Marketwire - Nov 1, 2012) - OCC announced average daily cleared contract volume in October was 15,598,902 contracts, a 17 percent decline from October 2011. Total cleared contract volume reached 327,576,945 contracts for the month, representing a 17 percent decline from the October 2011 volume of 393,461,669 contracts. OCC's year-to-date total contract volume is down 14 percent with 3,385,778,300 contracts in 2012.

These figures reflect two fewer trading days due to the market shutdown caused by Hurricane Sandy on October 29 and October 30, 2012.

Options: Average daily options trading volume in October was 15,444,282 contracts, 17 percent lower than October 2011. Total options trading volume for the month reached 324,329,913 contracts, a 17 percent decline from October 2011. Year-to-date options trading volume is down 14 percent with 3,355,815,364 contracts.

Futures: Futures cleared by OCC reached 3,247,032 contracts in October, a 31 percent increase from October 2011. Equity futures reached 424,573 contracts this month, up 149 percent from 2011. Index and other futures volume came in at 2,822,459 contracts in October, up 22 percent from October 2011. OCC has cleared a total 29,962,936 futures contracts year-to-date in 2012.

Securities Lending: OCC's securities lending CCP activities saw a 31 percent increase in new loans over October 2011 with 77,292 transactions last month. Year-to-date stock loan activity is up 26 percent from 2011 with 813,950 new loan transactions in 2012. The average daily loan value at OCC in October was $33,859,391,708.

                         
    Oct 2012 Total
Contract
Volume
  Oct 2011 Total Contract
Volume
  Oct Total Contract % Change vs. 2011   YTD. Avg.
Daily
Contract
2012
  YTD. Avg.
Daily
Contract
2011
  Avg. Daily  Contract % Change vs. 2011
Equity Options   297,991,460   360,081,121   -17.24%   14,794,604   17,182,885   -13.90%
Index Options   26,338,453   30,901,315   -14.77%   1,261,929   1,379,238   -8.51%
Total Options   324,329,913   390,982,436   -17.05%   16,056,533   18,562,123   -13.50%
Equity Futures   424,573   170,470   149.06%   22,292   13,276   67.91%
Index /
Other Futures
  2,822,459   2,308,763   22.25%   121,072   148,234   -18.32%
Total Futures   3,247,032   2,479,233   30.97%   143,363   161,510   -11.24%
Total Volume   327,576,945   393,461,669   -16.74%   16,199,896   18,723,633   -13.48%
                         

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 16 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. More information about OCC is available at www.theocc.com.

Contact Information