OCC Cleared Contract Volume Down 24 Percent in August

Securities Lending CCP Activity Grew 35 Percent in August and 41 Percent Year-to-Date

CHICAGO--()--OCC, the world’s largest equity derivatives clearing organization, announced today that cleared contract volume in August was 331,447,840 contracts, down 24 percent from August 2015 record volume of 434,313,474 contracts. OCC’s year-to-date average daily cleared contract volume is down three percent from 2015 with 16,375,448 contracts in 2016.

Options: Exchange-listed options volume reached 322,742,142 contracts in August, a 24 percent decrease from August 2015 volume of 426,328,677 contracts. Year-to-date average daily options volume is down three percent from 2015 with 15,987,364 contracts.

Equity options volume in August was 289,166,952 contracts, a 23 percent decrease from August 2015. This includes cleared ETF options volume of 121,440,823 contracts last month, a 30 percent decrease over August 2015 volume of 173,056,826 contracts. Index options volume in August was down 36 percent with 33,575,190 contracts.

Futures: OCC cleared futures volume in August reached 8,705,698 contracts, a nine percent increase from the August 2015 volume of 7,984,797 contracts. OCC’s year-to-date average daily cleared futures volume is up 52 percent with 388,085 contracts.

Securities Lending: OCC's securities lending CCP activity in August 2016 was up 35 percent in new loans from August 2015 with 160,798 transactions. Year-to-date stock loan activity is up 41 percent from 2015 with 1,253,270 new loan transactions in 2016. The average daily loan value cleared by OCC in August was $149,691,696,378.

For 2016 monthly exchange market share information, click here.

 
OCC CLEARED CONTRACT VOLUME AUGUST 2016
   

August 2016

Total

Contract

Volume

 

August 2015

Total

Contract

Volume

 

August

Total

Contract

% Change

vs. 2015

 

YTD. Avg.

Daily

Contract

2016

 

YTD. Avg.

Daily

Contract

2015

 

Avg.

Daily Contract

% Change vs.

2015

Equity Options   289,166,952   373,616,786   -22.6%   14,271,285   14,922,712   -4.37%
Index Options   33,575,190   52,711,891   -36.3%   1,716,079   1,631,508   5.18%
Total Options   322,742,142   426,328,677   -24.3%   15,987,364   16,554,220   -3.42%
Total Futures   8,705,698   7,984,797   9.03%   388,085   255,643   51.8%
Total Volume   331,447,840   434,313,474   -23.7%   16,375,448   16,809,864   -2.58%

About OCC

OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) as a Registered Clearing Agency, and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available www.theocc.com.

Contacts

OCC
Angela Kotso
312-322-6267
akotso@theocc.com
or
Caroline Gillard
312-322-4529
cgillard@theocc.com

Release Summary

OCC cleared contract volume down 24% in August from August 2015 record volume, with securities lending CCP activity up 35% in August and 41% year-to-date.

Contacts

OCC
Angela Kotso
312-322-6267
akotso@theocc.com
or
Caroline Gillard
312-322-4529
cgillard@theocc.com