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Clearing and settlement news

OCC clears 6 percent more contracts


02 August 2013 Chicago
Reporter: Georgina Lavers

Generic business image for news article
Image: Shutterstock
The Options Clearing Corporation (OCC) recorded total cleared contract volume in July reaching 328.9 million contracts, representing a 6 percent increase from the July 2012 volume of 309.6 million.

OCC's year-to-date total contract volume is up 3 percent with 2.47 billion contracts in 2013.

The firm's securities lending CCP activities saw a 53 percent increase in new loans from July 2012 with 123,108 transactions last month. Year-to-date stock loan activity is up 31 percent from 2012 with 761,628 new loan transactions in 2013. The average daily loan value at OCC in July was $56.1 billion.

Exchange-listed options volume reached 324.65 million contracts in July, a 6 percent increase from July 2012. Equity options volume rose 4 percent from the previous July with 295.06 million contracts.

Index options volume rose 22 percent from the previous July with 29.59 million contracts. Year-to-date total options trading volume is up 2 percent with 2.44 billion contracts in 2013.

Futures cleared reached 4.25 million contracts in July, up 53 percent from July 2012. Equity futures volume came in at 582,681 contracts last month, a 58 percent increase from July 2012.

Index and other futures volume came in at 3.67 million contracts last month, a 52 percent increase from July 2012. OCC's year-to-date cleared futures volume is up 74 percent with 34.21 million contracts in 2013.
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