SOURCE: OCC

OCC

September 04, 2012 12:52 ET

OCC Announces Cleared Contract Volume Declined From Record Total in August While Securities Lending Activity Rose Significantly

CHICAGO, IL--(Marketwire - Sep 4, 2012) - OCC announced that cleared contract volume reached 313,781,757 contracts in August. This represents a 43 percent decrease from the all-time monthly volume record of 554,842,463 contracts posted in August 2011. OCC's year-to-date total contract volume is down 13 percent at 2,724,369,214 contracts in 2012, on track for the second best annual volume in history. Securities lending activity at OCC in August jumped 50 percent over August 2011.

Options: Exchange-listed options trading volume was 310,936,920 contracts in August. This is 43 percent less than the all-time monthly volume record of 550,049,407 contracts traded in August 2011. August marked the 24th consecutive month the options industry has recorded at least 300 million contracts in trading volume, last falling below that level in August 2010. Year-to-date volume in 2012 stood at 2,701,857,820 contracts, which is 13 percent lower than the 3,115,816,555 contracts traded throughout the same period last year.

Futures: Futures cleared by OCC reached 2,844,837 contracts in August, down 41 percent from 2011. Equity futures came in at 433,498 contracts for the month, down 15 percent from August 2011. Index and other futures reached 2,411,339 contracts, down 44 percent from 2011. OCC is averaging 133,204 cleared futures contracts per day in 2012.

Securities Lending: OCC's securities lending CCP activities saw a 50 percent increase in new loans over August 2011 with 92,072 transactions last month. Year-to-date stock loan activity is up 26 percent from 2011 with 663,934 new loan transactions in 2012. The average daily loan value at OCC in August was $32,844,809,346.

    Aug 2012 Total Contract Volume   Aug 2011 Total Contract Volume   Aug Total Contract % Change vs. 2011   YTD. Avg. Daily Contract 2012   YTD. Avg. Daily Contract 2011   Avg. Daily Contract % Change vs. 2011
Equity Options   286,100,861   501,947,732   -43.00%   14,749,577   17,193,490   -14.21%
Index Options   24,836,059   48,101,675   -48.37%   1,237,747   1,353,037   -8.52%
Total Options   310,936,920   550,049,407   -43.47%   15,987,324   18,546,527   -13.80%
Equity Futures   433,498   507,238   -14.54%   20,041   14,496   38.25%
Index / Other Futures   2,411,339   4,285,818   -43.74%   113,163   155,361   -27.16%
Total Futures   2,844,837   4,793,056   -40.65%   133,204   169,857   -21.58%
Total Volume   313,781,757   554,842,463   -43.45%   16,120,528   18,716,384   -13.87%

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.

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