The Options Clearing Corporation (OCC), the world’s largest equity derivatives clearing house, reported 38 margin breaches with an average size of $61.4 million in the first quarter of this year. It is the largest average size since public disclosures began in the third quarter of 2015.
The second-largest average size of margin breaches was reported in the third quarter of 2016. Back then, across 34 margin breaches the average size was $9.4 million.
The single-largest breach in the three month