OCC average daily loan value up 23% YoY in July
02 August 2024 US
Image: Yuliia/stock.adobe.com
The Options Clearing Corporation (OCC) has recorded a 23 per cent year-on-year (YoY) increase in average daily loan value for securities lending trades across its platform, generating US$167.61 billion for July.
The total number of securities lending transactions cleared on the OCC platform also grew, up 30.87 per cent YoY to 247,572 transactions for the month.
Year-to-date average daily volume for all futures and options cleared through the equity derivatives clearing organisation for 2024 was 47.48 million contracts, 6.4 per cent higher compared to the previous year.
The total volume for all futures and options cleared on the platform rose by 25.5 per cent YoY to 1.1 billion contracts for July 2024.
Alongside a 38.6 per cent YoY jump in cleared futures contracts to 5.88 million, the platform also recorded a 32.6 per cent YoY rise in index options contracts for July to 92.46 million.
ETF options contracts cleared on OCC grew 34 per cent YoY in the month to 412.17 million, and equity options volumes increased 19.1 per cent YoY to 591.18 million.
The total number of securities lending transactions cleared on the OCC platform also grew, up 30.87 per cent YoY to 247,572 transactions for the month.
Year-to-date average daily volume for all futures and options cleared through the equity derivatives clearing organisation for 2024 was 47.48 million contracts, 6.4 per cent higher compared to the previous year.
The total volume for all futures and options cleared on the platform rose by 25.5 per cent YoY to 1.1 billion contracts for July 2024.
Alongside a 38.6 per cent YoY jump in cleared futures contracts to 5.88 million, the platform also recorded a 32.6 per cent YoY rise in index options contracts for July to 92.46 million.
ETF options contracts cleared on OCC grew 34 per cent YoY in the month to 412.17 million, and equity options volumes increased 19.1 per cent YoY to 591.18 million.
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