OCC Reports Cleared Contract Volume Flat in November as Futures and Securities Lending Activity Rise

December 3, 2012

CHICAGO, IL--(Marketwire - Dec 3, 2012) - OCC announced today that total cleared contract volume reached 339,206,527 contracts in November, a 2 percent decrease from the November 2011 volume of 346,584,214 contracts. While overall cleared contract volume remained flat last month, OCC reported a significant rise in futures and securities lending activity. OCC's year-to-date cleared contract volume reached 3,724,984,827 last month, down 13 percent from 2011, but an improvement from the 14 percent decline recorded after October.

Options: Exchange-listed options trading volume reached 335,527,473 contracts in November, a 3 percent decrease from November 2011. Equity options trading volume fell 4 percent from the previous November with 304,256,176 contracts. Index options trading volume rose 16 percent from November 2011 with 31,271,297 contracts. Year-to-date total options trading volume is down 13 percent with 3,691,342,837 contracts in 2012.

Futures: OCC cleared 3,679,054 futures contracts in November, a 67 percent increase from November 2011. Equity futures volume was up 35 percent from November 2011 with 481,724 contracts. Index and other futures volume came in at 3,197,330 contracts, a 73 percent increase from previous November. OCC's year-to-date cleared futures volume is down 7 percent with 33,641,990 contracts in 2012.

Securities Lending: OCC's securities lending CCP activities saw a 38 percent increase in new loans over November 2011 with 72,740 transactions last month. Year-to-date stock loan activity is up 27 percent from 2011 with 886,690 new loan transactions in 2012. The average daily loan value at OCC in November was $30,443,379,074.

                         
     Nov 2012 Total Contract Volume    Nov 2011 Total Contract Volume    Total Contract % Change vs. 2011   YTD. Avg. Daily Contract 2012   YTD. Avg. Daily Contract 2011   Avg. Daily  Contract % Change vs. 2011
Equity Options   304,256,176   317,497,138   -4.17%   14,766,645   16,995,251   -13.11%
Index Options   31,271,297   26,880,172   16.34%   1,282,672   1,370,217   -6.39%
Total Options   335,527,473   344,377,310   -2.57%   16,049,317   18,365,469   -12.61%
Equity Futures   481,724   358,037   34.55%   22,351   13,619   64.11%
Index /
Other Futures
  3,197,330   1,848,867   72.93%   123,919   142,762   -13.20%
Total Futures   3,679,054   2,206,904   66.71%   146,270   156,381   -6.47%
Total Volume   339,206,527   346,584,214   -2.13%   16,195,586   18,521,850   -12.56%
                         

About OCC

OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 16 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. More information about OCC is available at www.theocc.com.