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OCC Announces Total Contract Volume In October Grew 4%

CHICAGO (November 1, 2010) The Options Clearing Corporation (OCC) announced today that total OCC volume reached 344,148,365 contracts in October. This represents a 4% increase over the October 2009 volume of 332,434,278 contracts. OCC year to date total volume is up 5% from 2009, coming in at 3,226,581,844 contracts.

Options: Exchange-listed options trading in the U.S for the month of October was up 4% from the previous year. Equity options trading rose 4% higher than the previous October with 319,169,334 contracts. Index options volume fell 4% with 22,836,877 contracts. Year to date average daily trading volume for exchange listed options is up 6%.

Futures: Futures cleared by OCC in October rose to 2,142,154, an increase of 7% over October 2009. Average daily volume in October was 102,007 contracts. Index and other futures volume rose 11% over the previous October with 1,983,877 contracts. Year to date average daily contract volume for futures cleared by OCC is up 139% compared to 2009.

Securities Lending: OCC's stock loan program, including OTC and AQS, saw a 75% increase in new loan activity over October 2009 with 63,804 new loan transactions in October. Year to date securities lending activity is up 65% from 2009 with 523,468 new loan transactions in 2010. OCC's stock loan program had an average daily notional value of $14,565,199,976.

 

Oct. 2010 Total Contract Volume
Oct. 2009 Total Contract Volume
Oct. Total Contract % Change vs. 2009
YTD. Avg. Daily Contract 2010
YTD. Avg. Daily Contract 2009
Avg. Daily Contract % Change vs. 2009
Equity Options
319,169,334
306,728,967
4%
14,168,294
13,572,774
4%
Index Options
22,836,877
23,703,971
-4%
1,170,538
963,421
21%
Total Options
342,006,211
330,432,938
4%
15,338,832
14,536,194
6%
Equity Futures
157,667
217,060
-27%
19,689
10,530
87%
Index/Other Futures
1,983,877
1,783,819
11%
79,652
31,008
157%
Options on Futures
610
461
32%
22
21
5%
Total Futures
2,142,154
2,001,340
7%
99,364
41,559
139%
Total Volume
344,148,365
332,434,278
4%
15,438,196
14,577,753
6%

About OCC

OCC is the world's largest derivatives clearing organization by contract volume and open interest. 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 14 exchanges and platforms for options, financial and commodity futures, security futures and securities lending transactions.

As the CCP clearinghouse for the markets it serves, OCC assumes the counterparty risk of members involved in a trade-becoming the buyer to every seller and the seller to every buyer. OCC manages its risk of member default by collecting margin (collateral). Clearing member margin requirements are calculated using OCC's proprietary System for Theoretical Analysis and Numerical Simulations (STANS) that uses large-scale Monte Carlo simulations to forecast price moves and correlations to make those margin determinations. In 1993, OCC became the first clearinghouse to receive a 'AAA' credit rating from Standard & Poor's Corporation, and has continued to receive that high rating every year as a result of its risk management standards.

OCC operates as a utility clearinghouse, owned by several of its participant exchanges but with a Board of Directors majority drawn from its clearing members, allowing it to provide highly efficient but low-cost solutions to the markets it serves. More information about OCC is available through its Web site at www.optionsclearing.com.