Cleared contract volume on derivatives clearing house OCC dropped 5% in April compared to April 2011, while its stock loan program saw a 34% increase in new loan activity in the month.
According to data from the Futures Industry Association, 57% of all listed derivatives contracts cleared in the first quarter of the year were cleared through OCC.
Options cleared through OCC were down 5% year on year in April and down 7% year to date. Futures declined 25% year on year, and equities futures by 31%.
Year to date, securities lending activity is up 11%, with an average daily notional value of $28.45 billion.
(CG)