OCC Cleared Contract Volume up 15 Percent in March

Highest first quarter volume and highest first quarter for equity options on record

Cleared futures average daily volume for quarter up six percent from Q1 2017

Index options volume up 10 percent in March and 45 percent year-to-date

Securities lending activity up 13 percent in March and 26 percent year-to-date

CHICAGO--()--OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in March reached 442,945,572 contracts, a 15 percent increase from March 2017. OCC's year-to-date volume is up 32 percent with 1,400,345,396 cleared contracts in the first quarter of 2018, compared to 1,058,670,212 contracts in the first quarter of 2017.

Options: Overall exchange-listed options volume reached 434,032,307 contracts in March, up 16 percent from March 2017. Equity options volume reached a total of 384,613,937 contracts, a 17 percent increase from March 2017. This includes cleared ETF options volume of 181,592,017 contracts last month, a 15 percent increase over March 2017 volume of 157,358,886 contracts. Index options volume was up 10 percent with 49,418,370 contracts in March.

Futures: Futures cleared by OCC reached 8,913,265 contracts in March, down 28 percent from March 2017. OCC’s average daily cleared futures volume in the first quarter was 549,817 contracts, six percent higher than the first quarter of 2017.

Securities Lending: OCC's securities lending CCP activity was up 13 percent in new loans from March 2017 with 236,202 transactions last month. Year-to-date stock loan activity increased 26 percent from 2017 with 694,058 new loan transactions in the first quarter of 2018. The average daily loan value at OCC in March was $182,740,398,438.

For 2018 monthly exchange market share information, click here.

    Mar 2018     Mar 2017     Mar Total     YTD Avg.     YTD Avg.     YTD Avg. Daily
Total Total Contract % Daily Daily Contract %
Contract Contract Change vs. Contract Contract Change vs.
      Volume     Volume     Mar 2017     2018     2017     YTD 2017
Equity Options     384,613,937     329,657,794     16.7%     19,578,256     14,606,162     34.0%
ETF Options     181,592,017     157,358,886     15.4%     9,068,437     6,490,485     39.7%
Index Options     49,418,370     44,824,001     10.2%     2,828,409     1,951,442     44.5%
Total Options     434,032,307     374,481,795     15.9%     22,406,665     16,557,604     35.3%
Total Futures     8,913,265     12,395,578     -28.1%     549,817     517,722     6.20%
Total Volume     442,945,572     386,877,373     14.5%     22,956,482     17,075,326     34.4%
 

About OCC

OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.

Contacts

OCC
Angela Kotso
312-322-6267
akotso@theocc.com
or
Caroline Gillard
312-322-4529
cgillard@theocc.com

Release Summary

OCC announced today that total cleared contract volume in March reached 442,945,572 contracts, a 15 percent increase from March 2017.

Contacts

OCC
Angela Kotso
312-322-6267
akotso@theocc.com
or
Caroline Gillard
312-322-4529
cgillard@theocc.com