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.
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