OCC 2017 Total Cleared Contract Volume up Four Percent, Third Highest Volume Year Ever

  • Total cleared futures volume sets record with 32 percent annual growth
  • Total securities lending CCP activity up 16 percent in December and up 22 percent from 2016
  • Equity index options volume up 11 percent in December and up 15 percent from 2016

CHICAGO--()--OCC, the world’s largest equity derivatives clearing organization, today announced 2017 volume reached the third highest total cleared contract volume ever with 4,327,576,930 contracts, a four percent increase from the 4,167,747,777 cleared contracts in 2016. December cleared volume was 346,006,092 contracts, up three percent from December 2016. OCC also reported record-breaking 2017 volume for cleared futures with 138,029,762 cleared contracts; a 32 percent increase from 2016.

“In 2017, OCC continued to deliver stability and market integrity to the U.S. exchange-listed options markets through effective and efficient risk management, clearance and settlement services,” said Craig Donohue, OCC Executive Chairman and CEO. “We implemented a comprehensive risk management framework, strengthened our information and cyber security policies and processes, and supported the introduction of 125 new products, including bitcoin futures, all while reaffirming OCC’s role as an influential advocate for our industry and market participants.”

Options: Exchange-listed options volume was up three percent in 2017 with 4,189,547,168 contracts. Total options volume in December was 335,958,673 contracts, up three percent from December 2016. Average daily options volume in 2017 was up four percent with 16,691,423 contracts.

Equity options volume last month was 295,021,139 contracts, up one percent from December 2016. This includes cleared ETF options volume of 129,784,607 contracts last month, a decrease of three percent from December 2016 volume of 133,444,839 contracts. Index options volume in December was up 11 percent with 40,937,534 contracts.

Futures: OCC cleared 138,029,762 futures contracts in 2017, a 32 percent increase from 2016. OCC ended the year with 10,047,419 cleared futures contracts in December, up five percent from December 2016. OCC’s average daily cleared futures volume was up 33 percent in 2017 with 549,919 contracts.

Securities Lending: OCC's securities lending CCP activities saw a 16 percent increase in new loans from December 2016 with 206,338 transactions last month. Year-to-date stock loan activity was up 22 percent with 2,335,096 new loan transactions in 2017. The average daily loan value at OCC in December was $155,132,553,941.

For 2017 monthly exchange market share information, click here.

OCC CLEARED CONTRACT VOLUME DECEMBER 2017
    Dec 2017 Total Contract Volume   Dec 2016 Total Contract Volume   Dec Total Contract % Change vs. 2016   YTD. Avg. Daily Contract 2017   YTD. Avg. Daily Contract 2016   Avg. Daily Contract % Change vs. 2016
Equity Options   295,021,139   290,719,340   1.48%   14,697,265   14,390,698   2.13%
ETF Options   129,784,607   133,444,839   -2.74   6,362,264   6,551,245   -2.88%
Index Options   40,937,534   36,770,165   11.3%   1,994,157   1,733,207   15.1%
Total Options   335,958,673   327,489,505   2.59%   16,691,423   16,123,905   3.52%
Total Futures  

10,047,419

 

9,586,613

  4.81%   549,919   414,776   32.6%
Total Volume   346,006,092   337,076,118   2.65%   17,241,342   16,538,682   4.25%
           

OCC Cleared Options Volume: 2012-2017

                 
Year       Equity       Index/Other       Options Total
2012       3,681,820,659       322,050,649       4,003,871,308
2013       3,725,864,134       385,411,525       4,111,275,659
2014       3,845,073,167       420,295,640       4,265,368,807
2015       3,727,919,066       415,718,205       4,143,637,271
2016       3,626,455,947       436,768,249       4,063,224,196
2017       3,689,013,636       500,533,532       4,189,547,168
 

About OCC

OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 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 at 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, the world’s largest equity derivatives clearing organization, announced 2017 volume reached the third highest total cleared contract volume ever.

Contacts

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