User acknowledges that it has reviewed the User Agreement and the Privacy Policy governing this site, and that continued use constitutes acceptance of the terms and conditions stated therein.

The Options Clearing Corporation Promotes Jean Cawley To Senior Vice President

CHICAGO, April 16, 2007 - The Options Clearing Corporation (OCC) announced today that Jean Cawley, 46, has been promoted to Senior Vice President and Deputy General Counsel.

Ms. Cawley is responsible for the day-to-day operation of OCC's Legal Department and plays a key role representing OCC in dealings with exchanges, clearing members, business partners and regulators, and in working with OCC's outside counsel.

Ms. Cawley joined OCC as staff counsel in November 1989, and has served in positions of increasing responsibility since then, most recently as First Vice President and Deputy General Counsel. She earned her undergraduate degree from the University of Iowa in 1982 and her law degree from DePaul University College of Law in 1985. From 1985 to 1989, she worked for the Midwest Regional Office of the SEC, last serving as a Chief in the Branch of Enforcement.

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 American Stock Exchange, the Boston Options Exchange, Chicago Board Options Exchange, CBOE Futures Exchange, International Securities Exchange, OneChicago, NYSE Arca, Philadelphia Stock Exchange and Philadelphia Board of Trade. More information about OCC is available through its Web site at