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% |
