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OCC Cleared Contract Volume Down 13 Percent in October

Securities Lending Activity Up 33 Percent in October and 38 Percent Year-to-Date

CHICAGO (November 1, 2016) – OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in October was 318,439,491 contracts, a 13 percent decrease from October 2015 monthly volume of 367,647,983 contracts. Average daily volume at OCC is down three percent year-to-date in 2016 with 16,367,412 contracts. OCC's stock loan program reported that securities lending activity was up 33 percent in October and 38 percent year-to-date.

Options: Exchange-listed options volume reached 309,614,715 contracts in October, a 15 percent decrease from October 2015. Year-to-date average daily options volume is down four percent from 2015 with 15,964,442 contracts.

Equity options volume last month was 279,141,501 contracts, a 14 percent decrease from October 2015. This includes cleared ETF options volume of 120,263,018 contracts last month, down ten percent from October 2015 volume of 133,212,801 contracts. Index options volume in October was down 20 percent from a year ago with 30,473,214 contracts.

Futures: Cleared futures volume at OCC in October was 8,824,776 contracts, a 60 percent increase from October 2015. OCC's year-to-date average daily cleared futures volume is up 54 percent with 402,970 contracts.

Securities Lending: OCC's securities lending CCP activity in October 2016 was up 33 percent in new loans from October 2015 with 159,004 transactions last month. Year-to-date stock loan activity is up 38 percent from 2015 with 1,580,734 new loan transactions in 2016. The average daily loan value cleared by OCC in October was $151,015,758,806.

For 2016 monthly exchange market share information, click here.

OCC CLEARED CONTRACT VOLUME OCTOBER 2016
 
October 2016 Total Contract Volume
October 2015 Total Contract Volume
October Total Contract % Change vs. 2015
YTD. Avg. Daily Contract 2016
YTD. Avg. Daily Contract 2015
Avg. Daily Contract % Change vs. 2015
Equity Options
279,141,501
324,118,226
-13.9%
14,265,521
14,896,014
-4.23%
Index Options
30,473,214
38,023,816
-19.9%
1,698,921
1,682,460
0.98%
Total Options
309,614,715
362,142,042
-14.5%
15,964,442
16,578,474
-3.70%
Total Futures
8,824,776
5,505,941
60.3%
402,970
261,682
54.0%
Total Volume
318,439,491
367,647,983
-13.4%
16,367,412
16,840,156
-2.81%

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. Named 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available www.theocc.com.