OCC November 2020 Total Volume Up 71 Percent from a Year Ago
OCC, the world’s largest equity derivatives clearing organization, announced today that November 2020 total cleared contract volume was 677,190,590 contracts, up 71 percent from November 2019. This marks the highest November ever and the second-highest month on record. Year-to-date average daily cleared contract volume through November was 29,295,206 contracts, up 48.4 percent from November 2019.Options: Total exchange-listed options cleared contract volume was 673,660,858, up 72.4 percent from November 2019. Equity options cleared contract volume was 640,174,308 contracts, up 78.9...
Keeping markets on an even keel: How clearinghouse strength provides resilience
For most people, the name Lehman Brothers evokes the worst days of the 2008 financial crisis. For OCC and other central counterparty (CCP) clearinghouses, it represents an inflection point that demonstrated how crucial CCPs are in providing operational and financial resiliency for financial markets. Throughout volatile times, including those seen so far this year, centrally cleared markets have continued to deliver stability and market integrity for investors.Read more
The future is now
Despite recent innovations, the process of transferring underlying securities between parties of a securities lending trade can still take up to several days and involve multiple intermediaries. However, through the emerging technology that is blockchain, financial institutions could reduce costs, increase efficiency, and execute transactions instantly and directly between the two parties, according to its advocates.Read more
OCC Recovery and Orderly Wind-Down Plan Participant Guide
Designation as a Systemically Important Financial Market UtilityRegulatory OversightWho OCC ServesPurpose of Recovery and Orderly Wind-Down PlanExpected Content of Recovery and Orderly Wind-Down PlanGovernance of Recovery and Orderly Wind-Down PlanOCC’s Critical ServicesOCC’s Default Management WaterfallOCC’s Enhanced Risk Management and Recovery ToolsOCC’s Recovery Tools and IllustrationsDownload the GuideThis OCC Recovery and Orderly Wind-Down Plan Participant Guide is intended to provide market participants with a high-level overview of OCC...