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OCC Announces Options Volume Passes 1 Billion Contracts For Second Consecutive Year

CHICAGO, September 16, 2005 - The Options Clearing Corporation (OCC) reported today that year to date total options volume reached 1 billion contracts. This is only the second time that volume has ever hit this number in a single trading year.

Total options volume hit 1 billion contracts for the first time on Nov. 9, 2004. While it took 217 trading days to reach that mark last year, only 179 trading days were needed to pass 1 billion contracts this year.

"Achieving this volume milestone in less than nine months reflects the terrific value that both individuals and institutions see in making options an important part of their investment strategies," said Wayne P. Luthringshausen, Chairman and CEO of OCC. "We look forward to continuous growth in the options marketplace and to reaching new heights."

Year-to-date average daily options volume at OCC is 5.6 million contracts, about 1 million contracts per day better than the daily average in 2004, 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. 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, Pacific Exchange, Philadelphia Stock Exchange and Philadelphia Board of Trade. More information about OCC is available through its Web site at www.optionsclearing.com.