OCC, the world's largest equity derivatives clearing organization, announced a record 567,833,544 total contracts cleared in October, the highest monthly total since OCC's founding in 1973.
October volume was up 48.9 percent compared to October 2017 volume of 381,467,272. OCC's year-to-date average daily cleared contract volume is up 21.3 percent, with 20,698,059 contracts compared to 17,070,435 contracts in 2017.
"OCC cleared record volume in October, providing high-quality and efficient clearance and settlement of exchange-traded options and futures as we continue to work to meet the heightened regulatory requirements expected of us as a Systemically Important Financial Market Utility. This achievement is a tribute to the hard work of many people across OCC and a demonstration of our commitment to serve as the foundation for secure markets," said John Davidson, OCC President and Chief Operating Officer.
Options: Overall exchange-listed options volume reached 555,628,831 contracts in October, up 49.7 percent from October 2017. Equity options volume reached a total of 492,277,954 contracts, a 50.7 percent increase from October 2017. This includes cleared ETF options volume of 230,928,177 contracts last month, a 83.4 percent increase compared to October 2017 volume of 125,932,951 contracts. Index options volume was up 42.8 percent with 63,350,877 contracts in October, with year-to-date average daily volume up 12.2 percent from October 2017.
Futures: Futures cleared by OCC reached 12,204,713 contracts in October, up 17.0 percent from October 2017. OCC's year-to-date average daily cleared futures volume is 421,033 contracts, 24.5 percent less than 2017.
Securities Lending: OCC's securities lending CCP activity was up 25.7 percent in new loans from October 2017 with 129,863 transactions last month. Year-to-date stock loan activity increased 20.1 percent from 2017 with 1,155,291 new loan transactions in 2018. The average daily loan value at OCC in October was $82,134,436,585.
Note: Beginning in October 2018, OCC adjusted its reporting of stock loan transactions and average daily loan value to better reflect prevailing industry standards. OCC now reports average daily loan value and number of transactions based only on loans; previous reporting was based on both loans and borrows.
For 2018 monthly exchange market share information, click here.
OCC CLEARED CONTRACT VOLUME OCTOBER 2018
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October 2018 Total Contract Volume
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October 2017 Total Contract Volume
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October Total Contract % Change vs. 2017
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YTD. Avg. Daily Contract 2018
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YTD. Avg. Daily Contract 2017
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YTD. Avg. Daily Contract % Change vs. 2017
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Equity Options |
492,277,954
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326,672,894
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50.7%
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18,065,214
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14,540,821
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24.2%
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ETF Options |
230,928,177
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125,932,951
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83.4%
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7,726,565
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6,343,992
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21.8%
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Index Options |
63,350,877
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44,365,513
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42.8%
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2,211,812
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1,972,017
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12.2%
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Total Options |
555,628,831
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371,038,407
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49.7%
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20,277,026
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16,512,838
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22.8%
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Total Futures |
12,204,713
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10,428,865
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17.0%
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421,033
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557,597
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-24.5%
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Total Volume |
567,833,544
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381,467,272
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48.9%
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20,698,059
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17,070,435
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21.3%
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