OCC Clears Record Monthly Volume in October

Over 567 million contracts cleared in October, up 48.9 percent
compared to 2017

Fourth-highest single-day volume on October 11 at 37,989,245 contracts

Cleared futures volume up 17.0 percent, securities lending CCP
activity up 25.7 percent

CHICAGO–(BUSINESS WIRE)–OCC, the
world’s largest equity derivatives clearing organization
, announced
a record 567,833,544 total contracts cleared in October, the highest
monthly total since OCC’s founding in 1973.

October volume was up 48.9 percent compared to October 2017 volume of
381,467,272. OCC’s year-to-date average daily cleared contract volume is
up 21.3 percent, with 20,698,059 contracts compared to 17,070,435
contracts in 2017.

“OCC cleared record volume in October, providing high-quality and
efficient clearance and settlement of exchange-traded options and
futures as we continue to work to meet the heightened regulatory
requirements expected of us as a Systemically Important Financial Market
Utility. This achievement is a tribute to the hard work of many people
across OCC and a demonstration of our commitment to serve as the
foundation for secure markets,” said John
Davidson
, OCC President and Chief Operations Officer.

Options: Overall exchange-listed
options
volume reached 555,628,831 contracts in October, up 49.7
percent from October 2017. Equity
options
volume reached a total of 492,277,954 contracts, a 50.7
percent increase from October 2017. This includes cleared ETF
options
volume of 230,928,177 contracts last month, a 83.4 percent
increase compared to October 2017 volume of 125,932,951 contracts. Index
options
volume was up 42.8 percent with 63,350,877 contracts in
October, with year-to-date average daily volume up 12.2 percent from
October 2017.

Futures: Futures cleared by OCC reached 12,204,713 contracts in
October, up 17.0 percent from October 2017. OCC’s year-to-date average
daily cleared futures volume is 421,033 contracts, 24.5 percent less
than 2017.

Securities Lending: OCC’s securities
lending CCP activity
was up 25.7 percent in new loans from October
2017 with 129,863 transactions last month. Year-to-date stock loan
activity increased 20.1 percent from 2017 with 1,155,291 new loan
transactions in 2018. The average daily loan value at OCC in October was
$82,134,436,585.

Note: Beginning in October 2018, OCC adjusted its formula for average
daily loan value to better reflect prevailing industry standards. OCC
now reports average daily loan value based only on loan balance;
previous reporting was based on both loan and borrow balances. No change
was made to the reporting of transaction numbers.

For 2018 monthly exchange market share information, click here.

          October            
October 2018 October 2017 Total YTD Avg. YTD Avg. YTD Avg. Daily
Total Total Contract % Daily Daily Contract %
Contract Contract Change vs. Contract Contract Change vs. YTD
    Volume     Volume     2017     2018     2017     2017
Equity Options   492,277,954    

326,672,894

    50.7%     18,065,214     14,540,821     24.2%
ETF Options   230,928,177     125,932,951     83.4%     7,726,565     6,343,992     21.8%
Index Options   63,350,877     44,365,513     42.8%     2,211,812     1,972,017     12.2%
Total Options   555,628,831     371,038,407     49.7%     20,277,026     16,512,838     22.8%
Total Futures   12,204,713     10,428,865     17.0%     421,033     557,597     -24.5%
Total Volume   567,833,544     381,467,272     48.9%     20,698,059     17,070,435     21.3%
 

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) as a registered clearing agency and the U.S. Commodity Futures
Trading Commission (CFTC) as a Derivatives Clearing Organization. Named
2018 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

Contacts

OCC
Media Contact:
David Prosperi
312-322-4484
dprosperi@theocc.com

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