OCC March Total Volume Up 62.8 Percent from a Year Ago

Highest Volume Month Ever for U.S. Equity Options Industry

CHICAGO--(BUSINESS WIRE)--OCC, the world’s largest equity derivatives clearing organization, announced today that March 2020 total cleared contract volume was 670,646,998 contracts, the U.S. equity options industry’s highest month ever – up 62.8 percent from March 2019. This exceeds the previous record of 568,899,108 cleared contracts set in February 2020. OCC’s year-to-date average daily total cleared contract volume is 28,407,644 contracts.

Options: Total exchange-listed options cleared contract volume was 662,813,919 in March 2020, up 63.5 percent from 405,356,124 in March 2019. Equity options volume was 590,743,481 contracts, up 61.6 percent from March 2019. This includes ETF option cleared contract volume of 303,013,572, a 104.1 percent increase compared to 148,462,660 ETF options contracts cleared in March 2019. Index options volume for March 2020 was 72,070,438, up 81.2 percent over March 2019.

Futures: Futures cleared contract volume was 7,833,079 in March 2020, a 20.8 percent increase over March 2019 volume of 6,482,229 contracts. OCC's year-to-date average daily cleared futures volume is 393,377 contracts.

Securities Lending: The average daily loan value at OCC in March 2020 was $76,174,841,455 a 2.03 percent increase compared to March 2019. Securities lending CCP activity increased by 4.04 percent in new loans from March 2019 with 122,267 transactions last month.

For 2020 monthly exchange market share information, click here.

	March 2020 Total Contract Volume	March 2019 Total Contract Volume	March Total Contract % Change vs 2019	YTD Avg Daily Contract 2020	YTD Avg Daily Contract 2019	% Change vs 2019
Equity Options	590,743,481	365,585,219	61.6%	25,331,139	17,331,135	46.2%
Index Options	72,070,438	39,770,905	81.2%	2,683,128	1,861,456	44.1%
Total Options	662,813,919	405,356,124	63.5%	28,014,267	19,192,591	46.0%
Futures	7,833,079	6,482,229	20.8%	393,377	290,407	35.5%
Total Volume	670,646,998	411,838,353	62.8%	28,407,644	19,482,998	45.8%

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 2019 Best Clearing House by Markets Media, 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