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OCC Announces Record-Breaking Week

CHICAGO, January 12, 2004 - The Options Clearing Corporation (OCC) reported today that during the week of Jan. 5-9, a new weekly record was set for total options trading volume with 29,814,477 contracts. The previous record occurred April 16-April 20, 2001 with 25,453,849 contracts. In addition, two of the five highest trading days for total options volume occurred last week.

On Jan. 8, total options volume of 6,509,560 contracts represented the second highest trading day on record followed by 6,421,319 contracts on Jan. 9 as the fourth highest trading day on record.

Equity options volume also had a successful week with four trading days breaking into the top 10. At its highest point on Jan. 8, the second highest trading day on record occurred with 6,048,421 contracts.

"During last week's volume surge, OCC's systems were well equipped to handle the increased activity, and performed flawlessly," said Wayne P. Luthringshausen, Chairman and CEO of OCC. "We believe that more record-breaking volume days could occur, and we will be ready."

Year-to-date average daily options volume at OCC is 5,559,944 contracts.

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. In 2003, OCC's average daily options volume was 3.6 million contracts and average daily premium settlements were $1.1 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 www.optionsclearing.com.