SOURCE: The Options Clearing Corporation

February 28, 2007 10:42 ET

Options Industry Sets New Daily Volume Record

CHICAGO, IL -- (MARKET WIRE) -- February 28, 2007 -- 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.

The number of contracts that changed hands yesterday was nearly double the year-to-date average daily volume of 9.5 million.

Equity options trading also set a new record yesterday with 16,397,163 traded, an 8.8 percent increase over the previous record of 15,068,634 contracts on January 5, 2007.

"Our ability to efficiently process the volume surge is a result of OCC's commitment to performing rigorous capacity planning and maintaining strict quality standards throughout every area of our operation," said Michael E. Cahill, OCC President and Chief Operating Officer.

OCC Background

OCC, founded in 1973, is the world's largest derivatives clearing organization and was the first clearinghouse to receive a 'AAA' credit rating from Standard & Poor's Corporation. Operating under the jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission, OCC provides clearing and settlement services for the American Stock Exchange, the Boston Options Exchange, Chicago Board Options Exchange, CBOE Futures Exchange, International Securities Exchange, OneChicago, NYSE Arca, Philadelphia Stock Exchange and Philadelphia Board of Trade. More information about OCC is available through its Web site at www.optionsclearing.com

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