SOURCE: The Options Clearing Corporation

March 05, 2007 12:06 ET

The Options Clearing Corporation Announces New Director of Government Relations

CHICAGO, IL -- (MARKET WIRE) -- March 5, 2007 -- The Options Clearing Corporation (OCC) announced today that Bradley Edgell, 43, will assume responsibilities as Director, Government Relations for OCC effective today.

In her role as Director, Edgell will report to Susan Milligan, Senior Vice President, Government Relations and Communications. Her responsibilities include helping Milligan identify legislative issues of concern to OCC and the Securities Markets Coalition, and developing and implementing appropriate strategies to address these issues.

"We're excited to have Bradley join OCC, whose rich background working in legislative positions will provide valuable insight to our efforts in Washington," said Milligan.

Since 2003, Edgell has served as the Legislative Director for Congressman Jim Marshall (D-GA). Prior to this position, Edgell held several legislative positions for Congressman Ken Bentsen Jr. (D-TX), Congresswoman Marjorie Margolies-Mezvinsky (D-PA), Congressman Claude Harris (D-AL), as well as an Assistant Political Liaison position for the Democratic Congressional Campaign Committee.

Edgell graduated with a Bachelor of Arts in Social Sciences and Spanish from the University of Michigan.

"I look forward to utilizing my previous work experience to help develop effective legislative strategies for OCC and the Securities Market Coalition," said Edgell. "I'm proud to be a part of OCC and excited to meet the demands of this new position."

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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