February Options Volumes Drop 26%
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|
OCC reports total cleared contract volume of 545.3 million contracts.
Aim is to better equip clients to execute trading strategies, scale index exposure and hedge.
The Chicago floor will operate with rigorous precautions to limit potential exposure to COVID-19.
Cleared contracts topped 551 million in a volatile month.
Options trading involves infrastructure costs that can offset savings from lower exchange fees, Exegy notes.