OCC clears 5 billion contracts so far this year 18 December 2018Chicago Reporter: Jenna Lomax
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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 finalised at year-end.
OCC has cleared a daily average of 20,774,677 options and futures contracts.
This is a 20.5 percent increase on the daily cleared contract average of 17,241,342 last year and 13.8 percent higher than the daily cleared contract average of 18,257,762 for 2011, the previous record-holding year.
John Davidson, president and COO at the OCC, said: "The efficient clearance and settlement of more than five billion contracts is a remarkable achievement for the US 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.鈥�
He added: 鈥淚 am very proud of the OCC team鈥檚 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.鈥�
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