SOURCE: OCC

December 15, 2008 11:46 ET

The Options Clearing Corporation Announces Officer Promotion

CHICAGO, IL--(Marketwire - December 15, 2008) - The Options Clearing Corporation (OCC) today announced that Jennifer Stathis, 42, has been promoted to First Vice President, Application Services from Vice President, Application Services.

In this new role, Stathis will lead a staff of five in supporting OCC's Application Services organization, which includes all application support, development, testing, and application architecture. She will continue to represent all of IT as a member of OCC's Project Portfolio Prioritization team as well as represent Applications Services on OCC's Organizational Development Team.

Stathis joined OCC in 2000 as a Development Lead, managing single corporate objectives and working on OCC's Hedge System. In 2002, she transitioned to the ENCORE (OCC's clearing system) team as a lead in the design and development areas. Stathis became a key leader on the ENCORE test team and a strong presence during the installation and production support of the most recent versions of ENCORE as well as many corporate objectives.

Stathis is a graduate of Elmhurst College with a Bachelors degree in Information Systems.

About OCC

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 Boston Options Exchange, Chicago Board Options Exchange, CBOE Futures Exchange, Electronic Liquidity Exchange, International Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Amex, NYSE Arca, NYSE Liffe, OneChicago and Philadelphia Board of Trade. More information about OCC is available through its Web site at www.optionsclearing.com.

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