Search

OCC Clears Over 1B Total Contracts in March 2023, Highest Month on Record and up 12.2% Year-Over-Year

April 04, 2023
Chicago -

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through March 2023 was 46.3 million contracts, up 8.4 percent compared to year-to-date average daily volume through March 2022. Total volume was 1.1 billion contracts, up 12.2 percent compared to March 2022. March 2023 was the highest total volume month in OCC’s history and the first time cleared contract volume surpassed 1 billion contracts in a single month.

Highlights

  • Index options cleared contract volume up 67.7% year-over-year
  • ETF options cleared contract volume up 32.9% year-over-year
  • Futures cleared contract volume up 35.0% year-over-year
  • Securities lending total transaction volume up 11.2% year-over-year

Contract Volume

  March 2023 Contracts March 2022 Contracts % Change 2023 YTD ADV 2022 YTD ADV % Change
Equity Options 499,897,267 536,853,312 -6.9% 23,561,702 24,412,088 -3.5%
ETF Options 463,478,231 348,859,912 32.9% 18,871,068 15,614,635 20.9%
Index Options 89,609,170 53,449,943 67.7%  3,623,983  2,437,224 48.7%
Total Options 1,052,984,668 939,163,167 12.1% 46,056,753 42,463,947 8.5%
Futures 6,183,857 4,582,248 35.0% 232,024 256,121 -9.4%
Total Volume 1,059,168,525 943,745,415 12.2% 46,288,777 42,720,068 8.4%
 

Securities Lending

  March 2023 Avg. Daily Loan Value March 2022 Avg. Daily Loan Value % Change March 2023 Total Transactions March 2022 Total Transactions % Change
Market Loan + Hedge Total 132,266,407,734 137,662,019,769 -3.9%  235,633  211,978 11.2%
 

Additional Data

Media Contact:

OCC Public Relations
[email protected]

About OCC

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy. Do not accept analytic cookies Accept analytic cookies