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OCC Announces Cleared Contract Volume Up 4% In 2014 And Record Year For Cleared Futures Volume

CHICAGO (January 2, 2015) - OCC cleared contract volume reached 4,333,019,384 contracts in 2014, representing a 4 percent increase from the 2013 volume of 4,170,855,768 contracts. 2014 marks the second highest year for OCC cleared contract volume to date behind 2011's record volume of 4.6 billion contracts. OCC ended the year with 360,688,154 cleared contracts in December, an 11 percent increase from December 2013. OCC also reported a record year for cleared futures volume.

Options: Exchange-listed options volume was up 4 percent in 2014 with 4,265,368,807 contracts, passing 4 billion contracts for the fourth consecutive year and marking the second highest options volume year on record. Total options volume in December was 354,607,999 contracts, up 11 percent from December 2013. Average daily options volume in 2014 was up 4 percent with 16,926,066 contracts.

Futures: OCC cleared 67,650,577 futures contracts in 2014, a 14 percent increase from 2013 and the highest volume year for OCC cleared futures contracts to date. OCC ended the year with 6,080,155 cleared futures contracts in December, up 7 percent from December 2013. OCC's average daily cleared futures volume was up 14 percent in 2014 with 268,455 contracts.

Securities Lending: OCC's securities lending CCP activities saw a 25 percent increase in new loans from December 2013 with 116,240 transactions last month. Stock loan activity in 2014 was down 3 percent from 2013 with 1,204,976 new loan transactions in 2014. The average daily loan value at OCC in December was $166,254,364,433

 
Dec 2014 Total Contract Volume
Dec 2013 Total Contract Volume
DecTotal Contract % Change vs. 2013
YTD. Avg. Daily Contract 2014
YTD. Avg. Daily Contract 2013
Avg. Daily Contract % Change vs. 2013
Equity Options
318,120,627
289,995,333
9.70%
15,258,227
14,785,175
3.20%
Index Options
36,487,372
30,214,023
20.76%
1,667,840
1,529,410
9.05%
Debt Options
0
0
n/a
0
1
n/a
Total Options
354,607,999
320,209,356
10.74%
16,926,066
16,314,586
3.75%
Equity Futures
1,087,256
1,174,205
-7.40%
43,286
37,759
14.64%
Index / Other Futures
4,992,899
4,522,365
10.40%
225,169
198,670
13.34%
Total Futures
6,080,155
5,696,570
6.73%
268,455
236,429
13.55%
Total Volume
360,688,154
325,905,926
10.67%
17,194,521
16,551,015
3.89%

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 18 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.