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OCC Announces Year To Date Volume Hits 1 Billion Contracts

CHICAGO, November 9, 2004 - The Options Clearing Corporation (OCC) reported today that yesterday's year to date total options volume reached 1 billion contracts. This is the first time that volume has hit this number in a single trading year.

"This volume milestone reflects the tremendous appeal of the options product and the exponential growth of options," said Wayne P. Luthringshausen, Chairman and CEO of OCC. "We look forward to continuous growth in the options marketplace and to new heights."

Year-to-date average daily options volume at OCC is 4.6 million contracts as compared to 3.6 million contracts in 2003, which was a record trading year for the industry.

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 provides clearing and settlement services for the American Stock Exchange, the Boston Options Exchange, Chicago Board Options Exchange, CBOE Futures Exchange, International Securities Exchange, One Chicago, NQLX, Pacific Exchange, Philadelphia Stock Exchange and Philadelphia Board of Trade. More information about OCC is available through its Web site at