User acknowledges that it has reviewed the User Agreement and the Privacy Policy governing this site, and that continued use constitutes acceptance of the terms and conditions stated therein.

OCC 2017 Total Cleared Contract Volume Up Four Percent, Third Highest Volume Year Ever

  • Total cleared futures volume sets record with 32 percent annual growth
  • Total securities lending CCP activity up 16 percent in December and up 22 percent from 2016
  • Equity index options volume up 11 percent in December and up 15 percent from 2016

CHICAGO (January 2, 2018) – OCC, the world's largest equity derivatives clearing organization, today announced 2017 volume reached the third highest total cleared contract volume ever with 4,327,576,930 contracts, a four percent increase from the 4,167,747,777 cleared contracts in 2016. December cleared volume was 346,006,092 contracts, up three percent from December 2016. OCC also reported record-breaking 2017 volume for cleared futures with 138,029,762 cleared contracts; a 32 percent increase from 2016.

"In 2017, OCC continued to deliver stability and market integrity to the U.S. exchange-listed options markets through effective and efficient risk management, clearance and settlement services,” said Craig Donohue, OCC Executive Chairman and CEO. “We implemented a comprehensive risk management framework, strengthened our information and cyber security policies and processes, and supported the introduction of 125 new products, including bitcoin futures, all while reaffirming OCC’s role as an influential advocate for our industry and market participants."

Options: Exchange-listed options volume was up three percent in 2017 with 4,189,547,168 contracts. Total options volume in December was 335,958,673 contracts, up three percent from December 2016. Average daily options volume in 2017 was up four percent with 16,691,423 contracts.

Equity options volume last month was 295,021,139 contracts, up one percent from December 2016. This includes cleared ETF options volume of 129,784,607 contracts last month, a decrease of three percent from December 2016 volume of 133,444,839 contracts. Index options volume in December was up 11 percent with 40,937,534 contracts.

Futures: OCC cleared 138,029,762 futures contracts in 2017, a 32 percent increase from 2016. OCC ended the year with 10,047,419 cleared futures contracts in December, up five percent from December 2016. OCC’s average daily cleared futures volume was up 33 percent in 2017 with 549,919 contracts.

Securities Lending: OCC's securities lending CCP activities saw a 16 percent increase in new loans from December 2016 with 206,338 transactions last month. Year-to-date stock loan activity was up 22 percent with 2,335,096 new loan transactions in 2017. The average daily loan value at OCC in December was $155,132,553,941.

For 2017 monthly exchange market share information, click here.

OCC CLEARED CONTRACT VOLUME DECEMBER 2017
 
Dec 2017 Total Contract Volume
Dec 2016 Total Contract Volume
Dec Total Contract % Change vs. 2016
YTD. Avg. Daily Contract 2017
YTD. Avg. Daily Contract 2016
Avg. Daily Contract % Change vs. 2016
Equity Options
295,021,139
290,719,340
1.48%
14,697,265
14,390,698
2.13%
ETF Options
129,784,607
133,444,839
-2.74
6,362,264
6,551,245
-2.88%
Index Options
40,937,534
36,770,165
11.3%
1,994,157
1,733,207
15.1%
Total Options
335,958,673
327,489,505
2.59%
16,691,423
16,123,905
3.52%
Total Futures
10,047,419
9,586,613
4.81%
549,919
414,776
32.6%
Total Volume
346,006,092
337,076,118
2.65%
17,241,342
16,538,682
4.25%

 

OCC Cleared Options Volume: 2012-2017
Year
Equity
Index/Other
Options Total
2012
3,681,820,659
322,050,649
4,003,871,308
2012
3,725,864,134
385,411,525
4,111,275,659
2014
3,845,073,167
420,295,640
4,265,368,807
2015
3,727,919,066
415,718,205
4,143,637,271
2016
3,626,455,947
436,768,249
4,063,224,196
2017
3,689,013,636
500,533,532
4,189,547,168

About OCC

OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 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 at www.theocc.com.