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OCC Clears 949.1M Contracts in May 2023, Third Highest Month on Record

June 02, 2023
Chicago -

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through May 2023 was 44.5 million contracts, up 6.6 percent compared to year-to-date average daily volume through May 2022. Total volume was 949.1 million contracts, up 9.5 percent compared to May 2022 and the third highest month in OCC’s history.

Highlights

  • Index options cleared contract volume up 32.5% year-over-year
  • Total options cleared contract volume up 9.7% year-over-year
  • Stock loan total transaction volume up 4.4% year-over-year

Contract Volume

  May 2023 Contracts May 2022 Contracts % Change 2023 YTD ADV 2022 YTD ADV % Change
Equity Options 487,524,400 455,273,770 7.1% 22,650,047 23,357,272 -3.0%
ETF Options 376,765,302 345,400,938 9.1% 18,016,642 15,611,054 15.4%
Index Options 80,244,487 60,569,234 32.5%  3,613,522  2,511,169 43.9%
Total Options 944,534,189 861,243,942 9.7% 44,280,211 41,479,495 6.8%
Futures 4,549,352 5,236,379 -13.1% 218,187 247,462 -11.8%
Total Volume 949,083,541 866,480,321 9.5% 44,498,398 41,726,957 6.6%

Securities Lending

  May 2023 Avg. Daily Loan Value May 2022 Avg. Daily Loan Value % Change May 2023 Total Transactions May 2022 Total Transactions % Change
Market Loan + Hedge Total 127,977,137,215 127,290,145,307 0.5%  212,269  203,316 4.4%

Additional Data

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.

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