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Industry news

OCC average daily loan value grows 24.2% YoY for May


04 June 2024 US
Reporter: Sophie Downes

Generic business image for news article
Image: BraveSpirit
The Options Clearing Corporation (OCC) has recorded a 24.2 per cent year-on-year increase in average daily loan value for securities lending trades across its platform, generating US$158.9 billion for May.

Total securities lending transaction volumes cleared on the OCC platform have also increased by 13.19 per cent YoY to 240,269 transactions for the same month.

Total volume for all futures and options cleared through the equity derivatives clearing organisation has risen 3.0 per cent YoY to 977.3 million contracts for May 2024.

Year-to-date average daily volume for all futures and options cleared on the platform through 2024 was 46.7 million contracts, up 5.1 per cent compared to YTD average daily volume through 2023.

OCC experienced a 4.9 per cent YoY rise in index options contracts for the month of May to 84.1 million. There was a 3.4 per cent YoY increase in cleared futures contracts to 4.7 million.

ETF options contracts cleared on OCC have declined 5.8 per cent YoY for May to 354.7 million. Equity options volumes increased 9.5 per cent YoY to 533.7 million for the same month.
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