OCC Clears Over 1B Total Contracts in March 2023, Highest Month on Record and up 12.2% Year-Over-Year

By: The Options Clearing Corporation via Business Wire

April 04, 2023 at 09:01 AM EDT

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through March 2023 was 46.3 million contracts, up 8.4 percent compared to year-to-date average daily volume through March 2022. Total volume was 1.1 billion contracts, up 12.2 percent compared to March 2022. March 2023 was the highest total volume month in OCC’s history and the first time cleared contract volume surpassed 1 billion contracts in a single month.

Highlights

Index options cleared contract volume up 67.7% year-over-year
ETF options cleared contract volume up 32.9% year-over-year
Futures cleared contract volume up 35.0% year-over-year
Securities lending total transaction volume up 11.2% year-over-year

Contract Volume

	March 2023 Contracts	March 2022 Contracts	% Change	2023 YTD ADV	2022 YTD ADV	% Change
Equity Options	499,897,267	536,853,312	-6.9%	23,561,702	24,412,088	-3.5%
ETF Options	463,478,231	348,859,912	32.9%	18,871,068	15,614,635	20.9%
Index Options	89,609,170	53,449,943	67.7%	3,623,983	2,437,224	48.7%
Total Options	1,052,984,668	939,163,167	12.1%	46,056,753	42,463,947	8.5%
Futures	6,183,857	4,582,248	35.0%	232,024	256,121	-9.4%
Total Volume	1,059,168,525	943,745,415	12.2%	46,288,777	42,720,068	8.4%

Securities Lending

March 2023

Avg. Daily Loan

Value

March 2022

Avg. Daily Loan

Value

Change

March 2023

Total

Transactions

March 2022

Total

Transactions

Change

Market Loan + Hedge Total

132,266,407,734

137,662,019,769

-3.9%

235,633

211,978

11.2%

Additional Data

About OCC

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.