OCC stock loan volumes continue to grow
OCC’s securities lending platform is continuing to attract new business.
The Chicago-based firm’s central clearing service for stock loan trades saw volumes rise 35% in November.
Heading into the final month of 2016, activity is up 38% year-to-date with 1,741,274 new loan transactions.
As a principle counterparty OCC becomes the lender to the borrower and the borrower to the lender for each transaction.
Eurex Clearing, part of Deutsche Borse, offers a similar CCP service for securities lending in Europe.
A statement on Thursday from OCC added that the group experienced the highest November ever for options volume and third highest month ever for cleared futures volume.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you