OCC鈥檚 securities lending CCP activity down for June
02 July 2019 Chicago
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OCC鈥檚 securities lending central counterparty clearing (CCP) activity was down 10.6 percent in new loans from June 2018 with 106,566 transactions last month.
Year-to-date stock loan activity has decreased 3.2 percent from 2018 with 673,750 new loan transactions in 2019 while the average daily loan value at OCC in June was $83,014,097,951.
Total cleared contract volume in June reached 383,474,767 contracts, a 6.3 percent decrease compared to last June.
OCC鈥檚 year-to-date average daily cleared contract volume is 19,539,313, down 7.0 percent compared to 2018鈥檚 record-breaking pace, OCC revealed.
Futures cleared by OCC reached 5,584,194 contracts in June, down 27.5 percent from June last year.
OCC's year-to-date average daily cleared futures volume is 305,435 contracts, 32.0 percent lower than 2018.
Meanwhile, overall exchange-listed options volume reached 377,890,573 contracts in June, down 5.9 percent from 401,408,596 in 2018.
Equity options volume reached a total of 340,857,459 contracts, a 6.1 percent decrease from June last year.
Commenting on the results, John P. Davidson, OCC CEO, said: 鈥淎s we enter the second half of 2019, OCC continues to promote stability and market integrity through effective and efficient clearance, settlement and risk management services.鈥�
鈥淲e also continue to make good progress on our Renaissance Initiative, which is modernising our risk management, clearing and data systems to better serve market participants.鈥�
Year-to-date stock loan activity has decreased 3.2 percent from 2018 with 673,750 new loan transactions in 2019 while the average daily loan value at OCC in June was $83,014,097,951.
Total cleared contract volume in June reached 383,474,767 contracts, a 6.3 percent decrease compared to last June.
OCC鈥檚 year-to-date average daily cleared contract volume is 19,539,313, down 7.0 percent compared to 2018鈥檚 record-breaking pace, OCC revealed.
Futures cleared by OCC reached 5,584,194 contracts in June, down 27.5 percent from June last year.
OCC's year-to-date average daily cleared futures volume is 305,435 contracts, 32.0 percent lower than 2018.
Meanwhile, overall exchange-listed options volume reached 377,890,573 contracts in June, down 5.9 percent from 401,408,596 in 2018.
Equity options volume reached a total of 340,857,459 contracts, a 6.1 percent decrease from June last year.
Commenting on the results, John P. Davidson, OCC CEO, said: 鈥淎s we enter the second half of 2019, OCC continues to promote stability and market integrity through effective and efficient clearance, settlement and risk management services.鈥�
鈥淲e also continue to make good progress on our Renaissance Initiative, which is modernising our risk management, clearing and data systems to better serve market participants.鈥�
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