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OCC Cleared Volume Remains on Pace for Record Year

CHICAGO (June 1, 2011) OCC announced today that total cleared volume in May reached 362,653,311 contracts, an 11 percent decline from the May 2010 volume of 408,432,157 contracts. While May volume is off against last year’s peak volume at this time, OCC reported options, futures, and securities lending volume remain on track for a record year. OCC's year-to-date average daily volume of 18,072,968 is an increase of 8 percent compared to the same point in 2010 and year-to-date total volume is up 9 percent with 1,861,515,709 contracts.

Options: Exchange-listed options trading volume reached 359,310,820 contracts in May, representing an 11 percent decrease from May 2010. Equity options volume declined 9 percent from the previous May with 336,176,810 contracts. Year-to-date average daily volume for exchange-listed options was up 8 percent compared to the same period last year with 17,908,933 contracts.

Futures: Futures cleared by OCC reached 3,342,491 contracts in May, up 30 percent from May 2010. Index and other futures volume was up 51 percent with 3,078,345 contracts. Equity futures volume declined 50 percent with 263,912 contracts in May. OCC’s year-to-date total futures volume is up 49 percent in 2011 with 16,895,625 cleared contracts.

Securities Lending: OCC's stock loan program, including OTC and AQS, saw a 31 percent increase in new loan activity over May 2010 with 64,015 new loan transactions in May. Year-to-date securities lending activity is up 47 percent from 2010 with 330,777 new loan transactions in 2011. OCC's stock loan program had an average daily notional value of $12,980,636,905.

 
May 2011 Total Contract Volume
May 2010 Total Contract Volume
May Total Contract % Change vs. 2010
YTD. Avg. Daily Contract 2011
YTD. Avg. Daily Contract 2010
Avg. Daily Contract % Change vs. 2010
Equity Options
336,176,810
370,448,465
-9%
16,730,489
15,271,671
10%
Index Options
23,134,010
35,411,562
-35%
1,178,444
1,312,782
-10%
Total Options
359,310,820
405,860,027
-11%
17,908,933
16,584,454
8%
Equity Futures
263,912
530,110
-50%
13,773
20,903
-34%
Index / Other Futures
3,078,345
2,041,744
51%
150,248
90,474
66%
OOF
234
276
-15%
15
25
-40%
Total Futures
3,342,491
2,572,130
30%
164,035
111,402
47%
Total Volume
362,653,311
408,432,157
-11%
18,072,968
16,695,856
8%

About OCC

OCC is the world's largest equity derivatives clearing organization. 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 15 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. 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. More information about OCC is available at www.theocc.com.