OCC February Volume Down 25.9 Percent After Strong 2018
CHICAGO (March 1, 2019) – OCC, the world’s largest equity derivatives clearing organization, announced today that total cleared contract volume in February reached 354,013,604 contracts. This was a decline of 25.9 percent compared to last February, which was the fifth-highest volume month in OCC’s history. OCC’s year-to-date average daily cleared contract volume is 19,415,614, down 18.9 percent compared to 2018’s record-breaking pace.
Options: Overall exchange-listed options volume reached 349,117,021 contracts in February, down 24.9 percent from 464,869,500 in 2018. Equity options volume reached a total of 316,391,081 contracts, a 20.5 percent decrease from February 2018. This includes cleared ETF options volume of 119,258,683 contracts last month, a 39.9 percent decrease compared to February 2018 volume of 198,333,703 contracts. Index options volume was down 51.1 percent with 32,725,940 contracts in February, with a year-to-date average daily volume of 1,844,448 contracts.
Futures: Futures cleared by OCC reached 4,896,583 contracts in February, down 61.5 percent from February 2018. OCC's year-to-date average daily cleared futures volume is 280,814 contracts, 54.4 percent less than 2018.
Securities Lending: OCC's securities lending CCP activity was down 5.5 percent in new loans from February 2018 with 105,993 transactions last month. Year-to-date stock loan activity decreased 3.5 percent from 2018 with 220,933 new loan transactions in 2019. The average daily loan value at OCC in February was $69,881,482,507.62.
For 2019 monthly exchange market share information, click here.
| February 2019 Total Contract Volume | February 2018 Total Contract Volume | February Total Contract % Change vs. 2018 | YTD Avg. Daily Contract 2019 | YTD Avg. Daily Contract 2018 | 2019 Avg. Daily Contract % Change vs. 2018 | |
| Equity Options | 316,391,081 | 398,009,570 |
-20.5% | 17,290,351 | 20,241,493 | -14.6% |
| ETF Options | 119,258,683 | 198,333,703 | -39.9% | 6,930,223 | 9,289,566 | -25.4% |
| Index Options | 32,725,940 | 66,859,930 | -51.1% | 1,844,448 | 3,077,864 | -40.1% |
| Total Options | 349,117,021 | 464,869,500 | -24.9% | 19,134,799 | 23,319,357 | -17.9% |
| Total Futures | 4,896,583 | 12,717,855 | -61.5% | 280,814 | 615,639 | -54.4% |
| Total Volume | 354,013,604 | 477,587,355 | -25.9% | 19,415,614 | 23,934,996 | -18.9% |