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Cleared Contract Volume Declined 6% in the First Half of 2012 While Securities Lending Volume Rose 15%

Posted 3 July 2012 - 12:57pm by Fundamentals magazine

Cleared contract volume reached 329,891,797 in June, representing a 12 percent decrease from the June 2011 volume of 376,877,261 contracts according to OCC who recorded year-to-date total contract volume is down 6 percent with 2,100,988,040 contracts in 2012.
17 percent increase in new loan activity over June 2011

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Securities Lending: OCC's stock loan program, including OTC and AQS, saw a 17 percent increase in new loan activity over June 2011 with 80,284 new loan transactions in June. Year-to-date securities lending activity is up 15 percent from 2011 with 458,578 new loan transactions in 2012. OCC's stock loan program had an average daily notional value of $31,668,868,660.

Options: Exchange-listed options trading volume reached 325,813,094 contracts in June, a 13 percent decrease from June 2011. Average daily options trading volume for the month of June was 15,514,909 contracts, 8 percent lower than the 16,951,314 contracts in June of last year. Year-to-date options trading volume is down 6 percent from 2011 with 2,084,102,906 contracts.

Futures: Futures cleared by OCC reached 4,078,703 contracts in June, up 3 percent from 2011. Equity futures reached 868,512 contracts this month, up 121 percent from 2011. Index and other futures volume came in at 3,210,137 contracts in June, down 10 percent from June 2011. OCC is averaging 135,081 cleared futures contracts per day in 2012.

 

June 2012 Total Contract Volume

June 2011 Total Contract Volume

June Total Contract % Change vs. 2011

YTD. Avg. Daily Contract 2012

YTD. Avg. Daily Contract 2011

Avg. Daily  Contract % Change vs. 2011

Equity Options

297,841,102

342,530,588

-13%

15,391,442

16,526,167

-7%

Index Options

27,971,992

30,398,305

-8%

1,281,381

1,214,225

5.53%

Total Options

325,813,094

372,928,893

-13%

16,672,823

17,740,392

-6%

Equity Futures

868,512

393,546

121%

20,669

14,497

43%

Index / 
Other Futures

3,210,137

3,554,409

-10%

114,409

152,240

-25%

Options on Futures

54

413

-87%

3

15

-80%

Total Futures

4,078,703

3,948,368

3%

135,081

166,752

-19%

Total Volume

329,891,797

376,877,261

-12%

16,807,904

17,907,144

-6%

OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 16 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions.