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OCC Cleared Contract Volume Reached 4.6 Billion Contracts in 2011 for Record Year

CHICAGO (January 3, 2012) OCC announced today that total cleared contract volume in 2011 reached 4,600,955,949 contracts, a 17 percent increase over the 2010 volume of 3,925,686,805 contracts. 2011 marked the ninth consecutive year of record volume for OCC and the first time cleared contract volume surpassed 4 billion contracts.

OCC ended the year with 322,408,712 cleared contracts in December, a 6 percent decrease from the December 2010 volume of 344,206,175 contracts.

Options: Exchange-listed options trading in December reached 320,324,954 contracts, down 6 percent from December 2010. Average daily options volume in 2011 was 18,106,144 million contracts, roughly 2.6 million contracts per day more than the daily average in 2010. OCC cleared 4,562,748,194 total options contracts in 2011, a 17 percent increase over 2010's annual cleared volume of 3,899,068,670 contracts.

Futures: Futures cleared by OCC reached 2,083,758 contracts in December, a 31 percent decline from December 2010. OCC cleared a daily average of 151,618 futures contracts in 2010, nearly 44 percent higher than 2010s daily average. 2011 brought OCC futures clearing to its highest level to date with an annual total of 38,207,755 contracts.

Securities Lending: OCC's stock loan program, including OTC and AQS, saw new loan activity fall 35 percent compared to December 2010 with 45,133 new loan transactions in December 2011. Despite this decline, OCCs annual securities lending activity was up 42 percent from 2010 with 743,730 new loan transactions in 2011. OCC's stock loan program ended the year with an average daily notional value of $19,098,549,509.

  December 2011 Total Contract Volume December 2010 Total Contract Volume December Total Contract % Change vs. 2010 YTD. Avg. Daily Contract 2011 YTD. Avg. Daily Contract 2010 Avg. Daily Contract % Change vs. 2010
Equity Options 298,701,504 320,465,567 -7% 16,764,304 14,327,131 17%
Index Options 21,623,450 20,741,853 4% 1,341,840 1,145,364 17%
Total Options 320,324,954 341,207,420 -6% 18,106,144 15,472,494 17%
Equity Futures 533,484 637,012 -16% 14,601 19,727 -26%
Index / Other Futures 1,550,268 2,361,503 -34% 136,992 85,880 60%
Options on Futures 6 240 -98% 25 21 19%
Total Futures 2,083,758 2,998,755 -31% 151,618 105,628 44%
Total Volume 322,408,712 344,206,175 -6% 18,257,762 15,578,122 17%

About OCC

OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 15 exchanges and trading platforms for options, financial and commodity futures, security futures and securities lending transactions. More information about OCC is available at www.theocc.com.