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OCC Reports Cleared Contract Volume Flat in November as Futures and Securities Lending Activity Rise

CHICAGO (December 3, 2012) - OCC announced today that total cleared contract volume reached 339,206,527 contracts in November, a 2 percent decrease from the November 2011 volume of 346,584,214 contracts. While overall cleared contract volume remained flat last month, OCC reported a significant rise in futures and securities lending activity. OCC's year-to-date cleared contract volume reached 3,724,984,827 last month, down 13 percent from 2011, but an improvement from the 14 percent decline recorded after October.

Options: Exchange-listed options trading volume reached 335,527,473 contracts in November, a 3 percent decrease from November 2011. Equity options trading volume fell 4 percent from the previous November with 304,256,176 contracts. Index options trading volume rose 16 percent from November 2011 with 31,271,297 contracts. Year-to-date total options trading volume is down 13 percent with 3,691,342,837 contracts in 2012.

Futures: OCC cleared 3,679,054 futures contracts in November, a 67 percent increase from November 2011. Equity futures volume was up 35 percent from November 2011 with 481,724 contracts. Index and other futures volume came in at 3,197,330 contracts, a 73 percent increase from previous November. OCC's year-to-date cleared futures volume is down 7 percent with 33,641,990 contracts in 2012.

Securities Lending: OCC's securities lending CCP activities saw a 38 percent increase in new loans over November 2011 with 72,740 transactions last month. Year-to-date stock loan activity is up 27 percent from 2011 with 886,690 new loan transactions in 2012. The average daily loan value at OCC in November was $30,443,379,074.

 
Nov 2012 Total Contract Volume
Nov 2011 Total Contract Volume
Oct Total Contract % Change vs. 2011
YTD. Avg. Daily Contract 2012
YTD. Avg. Daily Contract 2011
Avg. Daily Contract % Change vs. 2011
Equity Options
304,256,176
317,497,138
-4.17%
14,766,645
16,995,251
-13.11%
Index Options
31,271,297
26,880,172
16.34%
1,282,672
1,370,217
-6.39%
Total Options
335,527,473
344,377,310
-2.57%
16,049,317
18,365,469
-12.61%
Equity Futures
481,724
358,037
34.55%
22,351
13,619
64.11%
Index / Other Futures
3,197,330
1,848,867
72.93%
123,919
142,762
-13.20%
Total Futures
3,679,054
2,206,904
66.71%
146,270
156,381
-6.47%
Total Volume
339,206,527
346,584,214
-2.13%
16,195,586
18,521,850
-12.56%

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 16 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.