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2007 Press Releases

Chicago, December 19, 2007
The Options Clearing Corporation Announces Three Officers Promotions
The Options Clearing Corporation (OCC) today announced the following promotions.

Chicago, October 23, 2007
The U.S. Options Industry Moves Closer To Consolidating Options Processing Symbols
The Options Clearing Corporation (OCC) and the U.S. options exchanges have achieved another key milestone in the Options Symbology Initiative (OSI) with the release of implementation plans for the record layout changes that take effect June 30, 2008.

Chicago, October 23, 2007
The Options Clearing Corporation Announces Simon Babbs To Lead Quantitative Risk Management Team
The Options Clearing Corporation (OCC) announced today a new addition to its risk management team. Dr. Simon H. Babbs has joined OCC as 1st Vice President, Quantitative Risk Management. He will manage the entire quantitative risk management area and its staff and also lead the further development of the STANS system.

Chicago, October 2, 2007
The Options Clearing Corporation Announces Options Trading Volume Surpasses 2006 Annual Record
The Options Clearing Corporation (OCC) announced today that the total number of options traded for the year reached 2,033,134,720 contracts yesterday, passing the annual volume record set in 2006 of 2,027,847,586 contracts.

Chicago, September 4, 2007
The Options Clearing Corporation Reduces Clearing Fees to 2 Cents per Contract
The Options Clearing Corporation (OCC) announced that new discounts to its standard fee schedule are now in effect, lowering the clearing fee to 2 cents per contract for most transactions.

Chicago, August 17, 2007
Options Industry Sets New Daily Volume Record Surpassing 23.7 Million Contracts On Thursday, August 16
The Options Clearing Corporation (OCC) announced that a new daily trading volume record was set on Thursday, August 16, 2007 when 23,745,650 contracts were traded, 11 percent higher than the previous record of 21,313,025 contracts set on July 26, 2007.

Chicago, August 10, 2007
The Options Clearing Corporation Honored at the Business Marketing Association Tower Awards
The Options Clearing Corporation (OCC) announced that its 2005 annual report was honored at this year’s Chicago Chapter of the Business Marketing Association (BMA) Tower Awards. OCC received the Bronze Award in the Annual Report category for the second consecutive year.

Chicago, July 27, 2007
Options Industry Sets New Daily Volume Record Surpassing 21 Million Contracts On Thursday, July 26
The Options Clearing Corporation (OCC) announced that a new daily cleared volume record was set on Thursday, July 26, 2007 when 21,313,025 contracts were cleared, surpassing the previous record of 18,788,070 contracts set less than one week ago on July 20, 2007 by more than 13%. Options open interest reached 261,658,749 contracts.

Chicago, July 23, 2007
Options Industry Sets New Daily Volume Record Surpassing 18.8 Million Contracts On Friday, July 20
The Options Clearing Corporation (OCC) announced that a new daily cleared volume record was set on Friday, July 20, 2007 when 18,788,070 contracts were cleared, surpassing the previous record of 18,281,667 contracts set on February 27, 2007.

Chicago, April 24, 2007
The Options Clearing Corporation Board of Directors Welcomes New Members and Vice Chairman
The Options Clearing Corporation (OCC) announced today the election of Gerry McGraw and Joseph Elmlinger to the OCC Board of Directors. Frank J. Bisignano was elected to the role of Vice Chairman to succeed outgoing director Dr. Richard R. Lindsey who recently resigned from his position as President, Bear Stearns Securities.

Chicago, April 16, 2007
The Options Clearing Corporation Promotes Jean Cawley To Senior Vice President
The Options Clearing Corporation (OCC) announced today that Jean Cawley, 46, has been promoted to Senior Vice President and Deputy General Counsel.

Chicago, March 6, 2007
The Options Clearing Corporation Announces Availability of the First Major Deliverable from the Options Symbology Initiative
The Options Clearing Corporation (OCC) announced today that the first key milestone in the Options Symbol Initiative (OSI) has been reached with the publication of the technical specifications for record layout changes.

Chicago, March 5, 2007
The Options Clearing Corporation Announces New Director Of Government Relations
The Options Clearing Corporation (OCC) announced today that Bradley Edgell, 43, will assume responsibilities as Director, Government Relations for OCC effective today.

Chicago, February 28, 2007
Options Industry Sets New Daily Volume Record
The Options Clearing Corporation (OCC) announced that a new daily trading volume record was set yesterday, Tuesday, February 27, 2007, when 18,281,667 contracts changed hands, a 15.5 percent increase over the previous record of 15,831,615 contracts set last month on January 5, 2007.

Chicago, February 14, 2007
The Options Clearing Corporation Announces 2006 Clearing Fee Refund As Net Cost Reaches Record Low
The Options Clearing Corporation (OCC) announced today that its Board of Directors recently approved a refund of $45,229,389 to Clearing Members for the year ended Dec. 31, 2006.

Chicago, January 4, 2007
The Options Clearing Corporation Announces Michael Walinskas Will Take Over Leadership Of Risk Management
The Options Clearing Corporation (OCC) announced today the promotion of Michael Walinskas to Senior Vice President, Risk Management and Membership.