OCC's stock loan program sees July jump
09 September 2011 Chicago
Image: Shutterstock
OCC's stock loan program, including OTC and AQS, reported a 24 per cent jump in new loan activity, at just over 67,500 new loan transactions, in July compared to the same month last year. Year-to-date securities lending activity is up 37 per cent from the year previous at over 465,000 new loan transactions. The average daily notional value was at $13.2 billion.
Across its options and futures business, OCC cleared a total of over 350 million contracts in July, representing a 26 percent increase over the July 2010 volume, while year-to-date total volume is up 13 percent from 2010 with 2.6 billion contracts in 2011.
In a separate announcement, OCC and the Options Industry Council (OIC) have renamed their resource centre to Investor Services, which provides information and education for all products cleared by OCC.
Across its options and futures business, OCC cleared a total of over 350 million contracts in July, representing a 26 percent increase over the July 2010 volume, while year-to-date total volume is up 13 percent from 2010 with 2.6 billion contracts in 2011.
In a separate announcement, OCC and the Options Industry Council (OIC) have renamed their resource centre to Investor Services, which provides information and education for all products cleared by OCC.
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