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OCC February Volume Down 25.9 Percent After Strong 2018

CHICAGO (March 1, 2019) – OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in February reached 354,013,604 contracts. This was a decline of 25.9 percent compared to last February, which was the fifth-highest volume month in OCC's history. OCC's year-to-date average daily cleared contract volume is 19,415,614, down 18.9 percent compared to 2018's record-breaking pace.

Options: Overall exchange-listed options volume reached 349,117,021 contracts in February, down 24.9 percent from 464,869,500 in 2018. Equity options vvolume reached a total of 316,391,081 contracts, a 20.5 percent decrease from February 2018. This includes cleared ETF options volume of 119,258,683 contracts last month, a 39.9 percent decrease compared to February 2018 volume of 198,333,703 contracts. Index options volume was down 51.1 percent with 32,725,940 contracts in February, with a year-to-date average daily volume of 1,844,448 contracts.

Futures: Futures cleared by OCC reached 4,896,583 contracts in February, down 61.5 percent from February 2018. OCC's year-to-date average daily cleared futures volume is 280,814 contracts, 54.4 percent less than 2018.

Securities Lending: OCC's securities lending CCP activity was down 5.5 percent in new loans from February 2018 with 105,993 transactions last month. Year-to-date stock loan activity decreased 3.5 percent from 2018 with 220,933 new loan transactions in 2019. The average daily loan value at OCC in February was $69,881,482,507.62.

For 2019 monthly exchange market share information, click here.

 
February 2019 Total Contract Volume
February 2018 Total Contract Volume
February Total Contract % Change vs. 2018
YTD Avg. Daily Contract 2019
YTD Avg. Daily Contract 2018
2019 Avg. Daily Contract % Change vs. 2018
Equity Options
316,391,081
398,009,570
-20.5%
17,290,351
20,241,493
-14.6%
ETF Options
119,258,683
198,333,703
-39.9%
6,930,223
9,289,566
-25.4%
Index Options
32,725,940
66,859,930
-51.1%
1,844,448
3,077,864
-40.1%
Total Options
349,117,021
464,869,500
-24.9%
19,134,799
23,319,357
-17.9%
Total Futures
4,896,583
12,717,855
-61.5%
280,814
615,639
-54.4%
Total Volume
354,013,604
477,587,355
-25.9%
19,415,614
23,934,996
-18.9%

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) as a registered clearing agency and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2018 Best Clearing House by Markets Media, and Clearing House of the Year — The Americas by FOW, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.