OCC Sets New Record with 5 Billion Cleared Contracts to Date in 2018
17 December 2018 - 3:31PM
Business Wire
OCC, the world’s largest equity derivatives clearing
organization, today said its total cleared contract volume on
behalf of the U.S. equity options and futures industry has exceeded
5 billion for the year. OCC has cleared 5.01 billion total
contracts and 4.91 billion options contracts year-to-date,
surpassing the previous records of 4.60 billion total contracts and
4.56 billion options contracts set in 2011. The new industry volume
record will be finalized at year-end, since 10 business days remain
in 2018.
"The efficient clearance and settlement of more than five
billion contracts is a remarkable achievement for the U.S. equity
options and futures industry and OCC and is representative of the
work OCC does in serving our participating exchanges, clearing
firms and market users. I am very proud of the OCC team’s ability
to promote stability and market integrity through effective and
efficient clearance, settlement and risk management services to the
users of these important financial markets," said John
Davidson, OCC Chief Executive Officer.
So far in 2018, OCC has cleared a daily average of 20,774,677
options and futures contracts. This is 20.5% higher than the daily
cleared contract average of 17,241,342 for 2017 and 13.8% higher
than the daily cleared contract average of 18,257,762 for 2011, the
previous record-holding year.
About OCC
OCC is the world's largest equity derivatives clearing
organization and the foundation for secure markets. Founded in
1973, OCC operates under the jurisdiction of both the U.S.
Securities and Exchange Commission (SEC) as a registered clearing
agency and the U.S. Commodity Futures Trading Commission (CFTC) as
a Derivatives Clearing Organization. Named 2018 Best Clearing House
by Markets Media, and Clearing House of the Year – The Americas by
FOW, OCC now provides central counterparty (CCP) clearing and
settlement services to 19 exchanges and trading platforms for
options, financial futures, security futures, and securities
lending transactions. More information about OCC is available at
www.theocc.com
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version on businesswire.com: https://www.businesswire.com/news/home/20181217005496/en/
Media Contact:David Prosperi312-322-4484dprosperi@theocc.com