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OCC Announces Inaugural Single-Stock Futures Volume

Chicago, November 11, 2002 - The Options Clearing Corporation (OCC) announced today that on Nov. 8, a total of 9,486 single-stock futures contracts traded.

Single-stock futures are futures contracts on an eligible underlying equity interest. A single stock futures contract is an agreement for delivery of shares of a specific equity interest at a designated date in the future, called the maturity date. The size of a single stock futures contract typically is 100 shares of the underlying equity interest.

"As the clearing organization for Nasdaq Liffe Markets (NQLX) and OneChicago, we're proud to be part of the launch of security futures," said Wayne Luthringshausen, Chairman and CEO, OCC. "OCC is pleased to see these new instruments being made available to the investing public and institutions."

OCC is the central clearinghouse for U.S. traded security futures, and it currently has clearing agreements in place with NQLX, OneChicago and The Island Futures Exchange. For more information about security futures volume, visit OCC's Web site at

Investors and brokers interested in learning more about security futures, please contact OCC's Investor Services Center through its call center at 1-888-OPTIONS (678-4667), by e-mail at, or its Web site at

About OCC

OCC, founded in 1973, is the largest clearing organization in the world for options and was the first clearing house to receive a 'AAA' credit rating from Standard & Poor's Corporation. OCC's year-to-date average daily volume is 3.14 million contracts and average daily premium settlements are $1.1 billion. Year to date total collateral value at OCC is approximately $40 billion. Operating under the jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission, OCC is jointly owned by the American Stock Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange and Philadelphia Stock Exchange. More information about OCC is available through its Web site at