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OCC Announces 2% Decrease in Cleared Contract Volume in February while Stock Loan Activitiy Rose 7%

CHICAGO (March 1, 2012) - OCC announced today that total cleared contract volume in February reached 351,702,360 contracts, representing a 2 percent decrease from the February 2011 volume of 357,275,834 contracts. OCC's year-to-date total contract volume is down 7 percent from 2011 with 688,925,298 contracts.

Options: Exchange-listed options trading volume reached 349,463,168 contracts in February, a 1 percent decrease from February 2011. Equity options volume fell 3 percent from the previous February with 323,293,320 contracts. Index options trading rose 18 percent from February 2011 with 26,169,848 contacts. Average daily options volume for the month of February was 17,473,158 contracts.

Futures: OCC cleared 2,239,192 futures contracts in February, a 27 percent decrease from February 2011. Equity futures volume was up 33 percent from February 2011 with 237,197 contracts. Index and other futures volume came in at 2,001,960 contracts, a 31 percent decrease from February 2011. OCC cleared an average of 111,960 futures contracts per day during the month of February.

Securities Lending: OCC's stock loan program, including OTC and AQS, saw a 7 percent increase in new loan activity over February 2011 with 68,820 new loan transactions in February. Year-to-date securities lending activity is down 3 percent from 2011 with 132,046 new loan transactions in 2012. OCC's stock loan program had an average daily notional value of $21,899,818,617.

 
February 2012 Total Contract Volume
February 2011 Total Contract Volume
February Total Contract % Change vs. 2011
YTD. Avg. Daily Contract 2012
YTD. Avg. Daily Contract 2011
Avg. Daily Contract % Change vs. 2011
Equity Options
323,293,320
331,962,409
-3%
15,916,408
17,609,178
-10%
Index Options
26,169,848
22,251,827
18%
1,205,171
1,177,867
2%
Total Options
349,463,168
354,214,236
-1%
17,121,579
18,787,044
-9%
Equity Futures
237,197
177,910
33%
13,475
8,822
53%
Index / Other Futures
2,001,960
2,883,439
-31%
88,077
148,580
-41%
Options on Futures
35
249
-86%
1
13
-92%
Total Futures
2,239,192
3,061,598
-27%
101,553
157,415
-35%
Total Volume
351,702,360
357,275,834
-2%
17,223,132
18,944,459
-9%

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. More information about OCC is available at www.theocc.com.