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OCC Clears Record 567 Million Contracts in October

Traders Magazine Online News, November 1, 2018

John D'Antona Jr.

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 2018 Total Contract Volume

October 2017 Total Contract Volume

October Total Contract % Change vs. 2017

YTD Avg. Daily Contract 2018

YTD Avg. Daily Contract 2017

YTD Avg. Daily  Contract % Change vs. YTD 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%

 

 

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