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OCC Cleared Contract Volume Rose 33% in August

Securities Lending CCP Activity Grew 27% for August and 14% Year-to-Date

CHICAGO (September 1, 2015) - OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in August was 434,313,474 contracts, up 33 percent from August 2014 volume of 325,548,099 contracts. OCC's year-to-date average daily cleared contract volume is up 0.15 percent from 2014 with 16,809,864 contracts in 2015.

"August's volatility reached historic levels, surpassing the intraday levels last seen during the 2008 financial crisis and contributing to a surge in volume," said Scot Warren, Executive Vice President, Business Development and The Options Industry Council. "OCC's increased resilience strengthened our ability to process and manage the elevated levels of risk activity efficiently and effectively for market participants. Our business functions worked tirelessly to manage our exposures and support our member firms to secure the foundation of our markets."

Options: Exchange-listed options volume reached 426,328,677 contracts in August, a 33 percent increase from August 2014 volume of 320,155,407 contracts. Year-to-date average daily options volume is up 0.21 percent from 2014 with 16,554,221 contracts in 2015. Equity options volume in August was 373,616,786 contracts, a 30 percent increase from August 2014. Index options volume in August was up 60 percent from August 2014 with 52,711,891 contracts.

Additionally, options trading volume reached 39,427,621 contracts on August 21 and 32,031,750 contracts on August 24 marking the third and ninth highest volume days for options trading on record. August was also the third highest month for options trading volume.

Futures: OCC cleared futures volume in August reached 7,984,797 contracts, a 48 percent increase from the August 2014 volume of 5,392,692 contracts, marking the second highest month on record for futures volume. OCC's year-to-date average daily cleared futures volume is down 4 percent from 2014 with 255,643 contracts in 2015.

Securities Lending: OCC's securities lending CCP activity in August 2015 was up 27 percent in new loans from August 2014 with 119,360 transactions. Year-to-date stock loan activity is up 14 percent from 2014 with 891,492 new loan transactions in 2015. The average daily loan value cleared by OCC in August was $183,716,777,446.

OCC CLEARED CONTRACT VOLUME AUGUST 2015

 
August 2015 Total Contract Volume
August 2014 Total Contract Volume
August Total Contract % Change vs. 2014
YTD. Avg. Daily Contract 2015
YTD. Avg. Daily Contract 2014
Avg. Daily Contract % Change vs. 2014
Equity Options
373,616,786
287,161,404
30.11%
14,922,712
14,889,325
0.22%
Index Options
52,711,891
32,994,003
59.76%
1,631,508
1,629,711
0.11%
Total Options
426,328,677
320,155,407
33.16%
16,554,221
16,519,036
0.21%
Total Futures
7,984,797
5,392,692
48.07%
255,643
266,205
-3.97%
Total Volume
434,313,474
325,548,099
33.41%
16,809,864
16,785,241
0.15%

About OCC

OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the U.S. 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 futures, security futures and securities lending transactions. More information about OCC is available at www.theocc.com.