OCC securities lending ADV down 8.1% YoY for Jan 02 February 2023US Reporter: SFT
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Securities lending volumes cleared through OCC have remained flat YoY for January, staying almost unchanged from January 2021 figures at 177, 214 transactions
However, in value terms, average daily loan value for securities lending trades cleared through OCC was down 8.1 per cent YoY for January to US$121.3 billion, indicating smaller average ticket sizes clearing across the Chicago-based platform.
Month-on-month, securities lending volumes for January 2023 fell 12.0 per cent on December 2022 figures, with average daily loan value down 1.4 per cent over the month.
For futures and options contracts, total volume for all futures and options cleared through OCC has risen 2.9 per cent YoY to 923.1 million for January 2023.
This increase is driven by a 31.7 per cent rise in index options contracts YoY to 68.0 million and a 15.6 per cent rise in ETF options to 360.9 million, notwithstanding a 7.0 per cent decline in equity options contracts to 490.4 million.
Futures contracts cleared through OCC also contracted year-on-year in volume terms, falling 36.5 per cent to 3.8 million.
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