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OCC average daily loan value grows 20.3% YoY for August


05 September 2024 US
Reporter: Carmella Haswell

Generic business image for news article
Image: Miha_Creative/stock.adobe.com
The Options Clearing Corporation (OCC) has recorded a 20.3 per cent year-on-year (YoY) rise in average daily loan value for securities lending trades, generating US$168.2 billion for August.

Total securities lending transactions cleared on the OCC platform in August increased 19.97 per cent YoY to 262,633.

Total volume for all futures and options cleared through the equity derivatives clearing organisation increased 4.3 per cent YoY to 1.06 billion contracts for the month.

OCC experienced a 10 per cent YoY hike in index options contracts for the year to 97.9 million and a 26.4 per cent YoY rise in cleared futures contracts to 6.9 million.

ETF options contracts cleared on OCC were down by 1.2 per cent YoY for August to 405.9 million. Equity options volumes were up 7.4 per cent YoY to 556.4 million for the month.
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