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OCC Surpasses Annual Cleared Contract Record With 4.81 Billion YTD

  • November volume up 10.4 percent year over year
  • ETF options volume up 32.7 percent, securities lending CCP activity up 4.2 percent
December 03, 2018
Chicago -

OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in November reached 438,027,585 contracts, up 10.4 percent compared to November 2017 volume of 396,779,462. Year-to-date, OCC has cleared 4.71 billion options contracts and 4.81 billion total contracts, with both reaching new annual cleared contract volume records for the U.S. exchange-listed options industry. The previous records, set in 2011, were 4.56 billion options contracts and 4.60 billion total contracts.

"OCC's efficient clearance and settlement of record volumes of exchange-traded options and futures this year is an achievement that demonstrates our commitment to serving our participating exchanges, clearing firms and market users. The effort and expertise of my OCC colleagues is integral to our success, and I congratulate them and the U.S. options industry on this milestone as we continue to work to meet the heightened regulatory requirements expected of us as a Systemically Important Financial Market Utility," said John Davidson, OCC President and Chief Operating Officer.

Options: Overall exchange-listed options volume reached 429,670,901 contracts in November, up 11.3 percent from 385,892,412 in 2017. Equity options volume reached a total of 383,838,299 contracts, a 12.8 percent increase from November 2017. This includes cleared ETF options volume of 179,002,180 contracts last month, a 32.7 percent increase compared to November 2017 volume of 134,905,417 contracts. Index options volume was up 0.8 percent with 45,832,602 contracts in November, with year-to-date average daily volume up 11.0 percent from November 2017.

Futures: Futures cleared by OCC reached 8,356,684 contracts in November, down 23.2 percent from November 2017. OCC's year-to-date average daily cleared futures volume is 418,942 contracts, 24.4 percent less than 2017.

Securities Lending: OCC's securities lending CCP activity was up 4.2 percent in new loans from November 2017 with 111,814 transactions last month. Year-to-date stock loan activity increased 18.5 percent from 2017 with 1,267,105 new loan transactions in 2018. The average daily loan value at OCC in November was $79,627,866,359.

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.

 
November 2018 Total Contract Volume
November 2017 Total Contract Volume
November Total Contract % Change vs. 2017
YTD Avg. Daily Contract 2018
YTD Avg. Daily Contract 2017
YTD Avg. Daily Contract % Change vs. 2017
Equity Options
383,838,299
340,420,039
12.8%
18,084,476
14,692,608
23.1%
ETF Options
179,002,180
134,905,417
32.7%
7,798,739
6,351,272
22.8%
Index Options
45,832,602
45,472,373
0.8%
2,209,159
1,989,593
11.0%
Total Options
429,670,901
385,892,412
11.3%
20,293,635
16,682,201
21.6%
Total Futures
8,356,684
10,887,050
-23.2%
418,942
554,036
-24.4%
Total Volume
438,027,585
396,779,462
10.4%
20,712,577
17,236,237
20.2%
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