OCC, the world’s largest equity derivatives clearing organization has revealed that total cleared volume in June reached 376,877,261 contracts, a 21% increase from the June 2010 volume of 311,231,916 contracts. First half total cleared volume was 2,238,392,970 contracts, 11% higher than the first half last year.
OCCs securities lending clearing also continued its growth in June with a 13% increase in transactions processed from the previous June.
Exchange-listed options trading volume rose 21 percent in June, with 372,928,893 contracts changing hands. Index options volume increased 27% from the previous June with 30,398,305 contracts traded. Year-to-date average daily volume for exchange-listed options was up 10% compared to the same period last year with 16,526,167 contracts.
Futures cleared by OCC reached 3,948,368 contracts in June, up 101% from June 2010. Index and other futures volume was up 136% with 3,554,409 contracts changing hands. OCCs year-to-date total futures volume is up 56% in 2011 with 20,843,993 cleared contracts.
OCC’s stock loan program, including OTC and AQS, saw a 13% increase in new loan activity over June 2010 with 68,369 new loan transactions. Year-to-date securities lending activity in the first half of 2011 is up 40% from 2010 with 399,146 new loan transactions. OCC’s stock loan program had an average daily notional value of $14,547,903,456.
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.
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