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Industry news

OCC average daily loan value grows 22.0% YoY for January


02 February 2024 US
Reporter: Sophie Downes

Generic business image for news article
Image: maniacvector
The Options Clearing Corporation (OCC) has recorded a 22.0 per cent year-on-year increase in average daily loan value for securities lending trades, generating US$148.1 billion for January.

Similarly, total securities lending transactions cleared on the OCC platform faced a YoY increase of 25.5 per cent to 222,403 for the same month.

Total volume for all futures and options cleared through the equity derivatives clearing organisation has risen 6.6 per cent YoY to 984.4 million contracts for January 2024.

Year-to-date average daily volume for all futures and options cleared on the platform through 2024 was 46.9 million contracts, up 1.5 per cent compared to YTD average daily volume through 2023.

OCC experienced a 28.8 per cent YoY hike in index options contracts for the month of January to 87.6 million and a 24.0 per cent YoY increase in cleared futures contracts to 4.9 million.

ETF options contracts cleared on OCC were up 8.2 per cent YoY for January to 390.5 million. Equity options volumes increased 2.3 per cent YoY to 501.5 million for January.
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