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OCC Announces Total Contract Volume In November Increased 33%

CHICAGO (December 1, 2010) The Options Clearing Corporation (OCC) announced today that total OCC volume reached 354,897,569 contracts in November. This represents a 33% percent increase over the November 2009 volume of 266,989,810 contracts. OCC year-to-date total volume is up 8% with 3,581,480,630 contracts, only 43,540,423 contracts away from last year's annual total. As of the end of November, OCC's year-to-date cleared futures volume is 23,619,380, nearly double the 2009 annual total of 12,383,935 contracts.

Options: Exchange-listed options trading in the U.S for the month of November was up 33% from the previous year. Index options trading increased 5% over the previous November with 23,247,409 contracts. Equity options trading volume rose 35% compared to the same month last year with 328,797,894 contracts in November.

Futures: Futures cleared by OCC in November rose to 2,852,266 with an average daily contract volume of 135,822. Index and other futures volume reached 2,632,779 contracts in November, a 74% percent increase over the same month last year where 1,513,317 were traded. Futures cleared by OCC show a year-to-date average daily contract volume of 102,693.

Securities Lending: OCC's stock loan program, including OTC and AQS, saw a 71% increase in new loan activity over November 2009 with 63,852 new loan transactions in November. Year-to-date securities lending activity is up 66% from 2009 with 587,320 new loan transactions in 2010. OCC's stock loan program had an average daily notional value of $13,115,494,987.

 

Nov. 2010 Total Contract Volume
Nov. 2009 Total Contract Volume
Nov. Total Contract % Change vs. 2009
YTD. Avg. Daily Contract 2010
YTD. Avg. Daily Contract 2009
Avg. Daily Contract % Change vs. 2009
Equity Options
328,797,894
242,891,866
35%
14,304,223
13,448,584
6%
Index Options
23,247,409
22,160,937
5%
1,164,739
975,997
19%
Total Options
352,045,303
265,052,803
33%
15,468,962
14,424,581
7%
Equity Futures
219,071
423,265
-48%
18,844
11,454
65%
Index/Other Futures
2,632,779M
1,513,317
74%
83,827
34,891
140%
Options on Futures
416
425
-2%
22
21
5%
Total Futures
2,852,266
1,937,007
47%
102,693
46,367
121%
Total Volume
354,897,569
266,989,810
33%
15,571,655
14,470,948
8%

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.