OCC sees another volume climb in securities lending
06 May 2020 Chicago
Image: Photobac/Shutterstock.com
The Options Clearing Corporation (OCC) have revealed a further increase in securities lending central counterparty (CCP) activity, with new loans increasing by 2.51 percent compared to April 2019, with 111,877 transactions last month.
The securities lending CCP saw the average daily loan value increase 4.02 percent compared to the same period last year to sit at $72,65 billion.
The OCC’s total cleared contract volume for April hit 551.5 million contracts, up 42.9 percent from April 2019. OCC’s year-to-date average daily total cleared contract volume is 27.86 million contracts.
Last month’s Equity options volume was also up 49.6 percent from April 2019, with 515.8 million contracts. This includes its cleared contract volume of 238.7 million, a 91.9 percent increase compared to April 2019.
The latest volume figures come as OCC unveils ambitious plans to overhaul its securities lending clearing system with a new distributed ledger technology-powered solution.
The project is being spearheaded by US fintech firm, Axoni, and developed is set to begin imminently with the eventual deployment set to be "rolled out in various phases," OCC says.
The securities lending CCP saw the average daily loan value increase 4.02 percent compared to the same period last year to sit at $72,65 billion.
The OCC’s total cleared contract volume for April hit 551.5 million contracts, up 42.9 percent from April 2019. OCC’s year-to-date average daily total cleared contract volume is 27.86 million contracts.
Last month’s Equity options volume was also up 49.6 percent from April 2019, with 515.8 million contracts. This includes its cleared contract volume of 238.7 million, a 91.9 percent increase compared to April 2019.
The latest volume figures come as OCC unveils ambitious plans to overhaul its securities lending clearing system with a new distributed ledger technology-powered solution.
The project is being spearheaded by US fintech firm, Axoni, and developed is set to begin imminently with the eventual deployment set to be "rolled out in various phases," OCC says.
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