Wayne P. Luthringshausen
Chairman of the Board & CEO, The Options Clearing Corporation

Wayne P. Luthringshausen serves as Chairman of the Board and Chief Executive Officer of The Options Clearing Corporation (OCC) with a career that parallels the growth of the listed options market.

Mr. Luthringshausen began his career in the securities and futures industry in 1963 with two regional firms in New Orleans, Louisiana. In 1970, he joined the Chicago Board of Trade to assume an active role in the development of the first central marketplace for the trading of listed options contracts, the Chicago Board Options Exchange (CBOE).

In April, 1973, with the commencement of trading at the CBOE, Mr. Luthringshausen was appointed Executive Vice President and Secretary of the Chicago Board Options Exchange Clearing Corporation (CBOECC) and in August, 1973, was appointed President and Chief Executive Officer. In January, 1975, the CBOECC became OCC with the approval of the Securities and Exchange Commission. OCC currently performs the issuance, clearance, guarantee and settlement functions for all U.S. securities options exchanges.

Other affiliations include the Ad Hoc Coalition for Intermarket Coordination, Risk Management Center, IIT/Stuart School of Business Advisory Board, the International Association of Options Exchanges and Clearing Houses, International Organization of Securities Commissions Consultative Committee, Saint Patrick High School Board of Trustees and Finance Committee, Chicago Area Boy Scout Dinner Executive Committee, and the Economic Club of Chicago.

Mr. Luthringshausen is a 1972 graduate of Loyola University of Chicago where he earned a Bachelor of Science Degree in Accounting. In 1979, he completed the Advanced Management Program at Harvard Business School.

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'AAA' Credit Rating from S&P

OCC is the world's largest derivatives clearing organization and was the first clearing house to receive a AAA credit rating from Standard & Poor's Corporation.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document may be obtained from your broker, from any exchange on which options are traded or by contacting The Options Clearing Corporation, One North Wacker Dr., Suite 500, Chicago, IL 60606 (1-888-678-4667).

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