OCC cleared securities lending volumes rise 4.4% YoY for May
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OCC cleared securities lending volumes rise 4.4% YoY for May 05 June 2023US Reporter: Carmella Haswell
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The total securities lending volumes cleared on the Options Clearing Corporation (OCC) platform have increased 4.4 per cent year-on-year to 212, 269 trades for May 2023.
While the average daily loan value for securities lending trades cleared on the Chicago-based platform have risen 0.5 per cent YoY to US$127.9 billion.
For futures and options contracts, total volume for all futures and options cleared through OCC has jumped 9.5 per cent YoY to 949.0 million contracts for May 2023. These represent the third-highest monthly volumes in OCC鈥檚 history, according to the Chicago-based derivatives clearing organisation.
Year-to-date average daily volume for all futures and options cleared on the platform through 2023 was 44.4 million contracts, up 6.6 per cent compared to YTD average daily volume through 2022.
The platform experienced a 32.5 per cent YoY hike in index options contracts for the month to 80.2 million and a 13.1 per cent YoY decline in cleared futures contracts to 4.5 million.
ETF options contracts cleared on OCC have jumped 9.1 per cent YoY for May to 376.7 million.
Equity options volumes have increased 7.1 per cent YoY to 487.5 million for May.
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