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OCC reports rising sec lending activity
05 September 2013
Equity derivatives clearing house shows year on year and YTD rises
The OCC has announced reported a 21% rise in new securities lending transactions during August 2012.
Volumes stood at more than 111,000 and year-to-date activity was up 30%. OCC said the average daily loan values handled by the firm in August were close to $60.5bn.
The US clearing house's overall volumes rose 4% in August over the same period in 2012.
The firm said some 326.7 million contracts were cleared in August, up from 313.8 million in August 2012, while year end volumes of almost 2.8 billion cleared contracts were 3% higher than 2012.
For exchange-listed options, OCC said August trading volumes hit 321.9 million contracts, another 4% rise over August 2012 levels 310.9 million contracts, while average daily option trading volume over the month was 14.6 million – an 8% year-on-year rise. Total year to date options volumes rose 2% to 2.75 billion contracts.
During the month, futures cleared jumped two thirds (a 66% rise) to 4.7 million contracts from 2.8 million.
Average daily futures contracts were 74 percent higher than August 2012, while the year-to-date total of cleared futures was up 73 percent over 2012 at 38.9 contracts.