The Options Clearing Corporations stock loan program, including OTC and AQS, saw a 51% increase in new loan activity over December 2009 with 69,429 new loan transactions in December.
Total securities lending activity in 2010 was up 64% from 2009 with 656,749 new loan transactions. OCC’s stock loan program ended the year with an average daily notional value of $12,692,188,125.
OCC, the worlds largest derivatives clearing organization by contract volume and open interest, also says it saw a 16% increase over December 2009 in total volume, from 296,703,081 to 344,206,175 contracts.
It ended the year with cleared contract volume reaching 3,925,686,805, an 8% increase over the 2009 volume of 3,625,021,053.
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 14 exchanges and platforms for options, financial and commodity futures, security futures and securities lending transactions.