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OCC Announces Average Daily Cleared Contract Volume Declined 8% in March

CHICAGO (April 1, 2013) - OCC announced that average daily cleared contract volume for the month was 15,831,521 contracts, an 8 percent decline from March 2012. Total cleared contract volume in March reached 316,630,411, a 17 percent decrease from the 379,763,970 contracts in March 2012, which had two more trading days. OCC's year-to-date total contract volume is down 6 percent from 2012 with 1,006,895,640 contracts, while average daily volume is down 3 percent at 16,781,594 contracts.

Options: Exchange-listed options trading volume reached 311,565,300 contracts in March, a 17 percent decrease from March 2012. Average daily options trading volume for the month was 15,578,265 contracts, a 9 percent decrease from the average daily volume of March 2012. Year-to-date total options trading volume is down 6 percent with 993,580,233 contracts in 2013.

Futures: Futures cleared by OCC reached 5,065,111 contracts in March, up 44 percent from March 2012. OCC cleared an average of 253,256 futures contracts per day last month, a 58 percent increase from March 2012. OCC's year-to-date cleared futures volume is up 76 percent with 13,315,407 contracts in 2013.

Securities Lending: OCC's securities lending CCP activities saw a 15 percent increase in new loans over March 2012 with 95,686 transactions last month. Year-to-date stock loan activity is up 33 percent from 2012 with 286,576 new loan transactions in 2013. The average daily loan value at OCC in March was $52,367,602,922.

 
March 2013 Total Contract Volume
March 2012 Total Contract Volume
Total Contract % Change vs. 2012
YTD. Avg. Daily Contract 2013
YTD. Avg. Daily Contract 2012
Avg. Daily Contract % Change vs. 2012
Equity Options
279,047,146
347,851,439
-19.78%
14,981,424
15,879,158
-5.65%
Index Options
32,518,124
28,394,603
14.52%
1,578,244
1,235,507
27.74%
Debt Options
30
0
n/a
2
0
n/a
Total Options
311,565,300
376,246,042
-17.19%
16,559,671
17,114,665
-3.24%
Equity Futures
752,336
688,098
9.34%
34,097
19,792
72.28%
Index / Other Futures
4,312,775
2,829,830
52.40%
187,827
102,467
83.30%
Total Futures
5,065,111
3,517,928
43.98%
221,923
122,259
81.52%
Total Volume
316,630,411
379,763,970
-16.62%
16,781,594
17,236,924
-2.64%

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 17 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.