OCC Reports November Contracts Volume, Highlighting YoY Growth

The Option Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term Corporation (OCC), one of the largest equity derivatives clearing organizations in the world, has reported its cleared contract volumes in November 2015, according to an OCC statement.

November 2015 saw a total of 328,272,930 cleared contracts, up by 10.0% YoY from 298,563,036 contracts in November 2014. Moreover, OCC’s year-to-date (YTD) average daily cleared contract volume dropped -3.0% YoY from November 2014 with 16,803,068 contracts in 2015.

Asset Class Rundown

The OCC’s Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-listed options volume in November 2015 reached 323,335,666 contracts, surging 10.0% YoY from November 2014. YTD average daily options (ADV) volume was also lower by -3.0% YoY from 2014 with 16,542,674 contracts in 2015.

Equity options volume in November 2015 came in at 293,853,921 contracts, jumping 9.0% YoY from November 2014 – however, index options volume in November 2015 was also up 19.0% from November 2014 with 29,481,735 contracts.

In terms of futures, OCC cleared futures volume in November 2015 reached 4.937,264 contracts, a 30.2% YoY increase from the November 2014’s volume of 3,792,680 contracts. OCC’s YTD ADV cleared futures volume was also down -3.0% YoY from 2014 with 260,394 contracts in 2015.