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OCC Clears Record Monthly Volume in October

  • Over 567 million contracts cleared in October, up 48.9 percent compared to 2017
  • Fourth-highest single-day volume on October 11 at 37,989,245 contracts
  • Cleared futures volume up 17.0 percent, securities lending CCP activity up 25.7 percent
November 01, 2018
Chicago -

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 Operating 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 reporting of stock loan transactions and average daily loan value to better reflect prevailing industry standards. OCC now reports average daily loan value and number of transactions based only on loans; previous reporting was based on both loans and borrows.

For 2018 monthly exchange market share information, click here.

OCC CLEARED CONTRACT VOLUME OCTOBER 2018
 
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. 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%

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).