OCC Clears 949.1M Contracts in May 2023, Third Highest Month on Record

CHICAGO--(BUSINESS WIRE)--OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through May 2023 was 44.5 million contracts, up 6.6 percent compared to year-to-date average daily volume through May 2022. Total volume was 949.1 million contracts, up 9.5 percent compared to May 2022 and the third highest month in OCC’s history.

Highlights

• Index options cleared contract volume up 32.5% year-over-year
• Total options cleared contract volume up 9.7% year-over-year
• Stock loan total transaction volume up 4.4% year-over-year

Contract Volume

	May 2023 Contracts	May 2022 Contracts	% Change	2023 YTD ADV	2022 YTD ADV	% Change
Equity Options	487,524,400	455,273,770	7.1%	22,650,047	23,357,272	-3.0%
ETF Options	376,765,302	345,400,938	9.1%	18,016,642	15,611,054	15.4%
Index Options	80,244,487	60,569,234	32.5%	3,613,522	2,511,169	43.9%
Total Options	944,534,189	861,243,942	9.7%	44,280,211	41,479,495	6.8%
Futures	4,549,352	5,236,379	-13.1%	218,187	247,462	-11.8%
Total Volume	949,083,541	866,480,321	9.5%	44,498,398	41,726,957	6.6%

Securities Lending

	May 2023 Avg. Daily Loan Value	May 2022 Avg. Daily Loan Value	% Change	May 2023 Total Transactions	May 2022 Total Transactions	% Change
Market Loan + Hedge Total	127,977,137,215	127,290,145,307	0.5%	212,269	203,316	4.4%

Additional Data

• Market share volume by exchange
• Open interest
• Historical volume statistics

About OCC

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

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