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OCC Announces Cleared Contract Volume Declined 10% in March while Securities Lending Volume Rose 18%

CHICAGO (April 2, 2012) - OCC announced that cleared contract volume reached 379,763,970 contracts in March, representing a 10 percent decrease from the March 2011 volume of 421,466,054 contracts. OCC ended the first quarter with total volume reaching 1,068,689,268 contracts, exceeding 1 billion contracts in the first quarter for the second time in history.

Options: Exchange-listed options trading volume reached 376,246,042 contracts in March, a 10 percent decrease from March 2011. Average daily options trading volume in March was 17,102,093 contracts, 6 percent lower than the 18,138,634 contracts in March of last year. Year-to-date options trading volume is down 8 percent from 2011 with 1,061,109,209 contracts.

Futures: Futures cleared by OCC reached 3,517,928 contracts in March, down 18 percent from 2011. Equity futures came in at 688,098 contracts this month, up 44 percent from 2011. Index and other futures reached 2,829,735 contracts, down 25 percent from 2011. OCC is averaging 122,259 cleared futures contracts per day in 2012.

Securities Lending: OCC's stock loan program, including OTC and AQS, saw an 18 percent increase in new loan activity over March 2011 with 83,278 new loan transactions in March. Year-to-date securities lending activity is up 4 percent from 2011 with 215,324 new loan transactions in 2012. OCC's stock loan program had an average daily notional value of $23,787,253,798.

  March 2012 Total Contract Volume March 2011 Total Contract Volume March Total Contract % Change vs. 2011 YTD. Avg. Daily Contract 2012 YTD. Avg. Daily Contract 2011 Avg. Daily Contract % Change vs. 2011
Equity Options 347,851,439 386,202,726 -10% 15,879,158 17,305,817 -8%
Index Options 28,394,603 30,985,849 -8% 1,235,507 1,240,688 -0.42%
Total Options 376,246,042 417,188,575 -10% 17,114,665 18,546,506 -8%
Equity Futures 688,098 479,402 44% 19,792 13,282 49%
Index / Other Futures 2,829,735 3,797,711 -25% 102,465 154,715 -34%
Options on Futures 95 366 -74% 2 14 -86%
Total Futures 3,517,928 4,277,479 -18% 122,259 168,010 -27%
Total Volume 379,763,970 421,466,054 -10% 17,236,924 18,714,516 -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. More information about OCC is available at www.theocc.com.