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The Options Clearing Corporation Board of Directors Welcomes New Members and Vice Chairman

CHICAGO, April 24, 2007 - The Options Clearing Corporation (OCC) announced today the election of Gerry McGraw and Joseph Elmlinger to the OCC Board of Directors. Frank J. Bisignano was elected to the role of Vice Chairman to succeed outgoing director Dr. Richard R. Lindsey who recently resigned from his position as President, Bear Stearns Securities.

Mr. McGraw is President of the Operations & Services Group for Fidelity Brokerage Company. Prior to joining Fidelity, Mr. McGraw held Senior Vice President positions with Smith Barney Inc. and Shearson Lehman Brothers, Inc. He also served as a principle financial examiner with the New York Stock Exchange, Inc.

Mr. Elmlinger is Managing Director, Head of Global Equity Derivatives for Citigroup Corporate and Investment Bank. He has held various positions in Equity Derivatives during his 14 years with Citigroup. Previously, he worked for Salomon Brothers and Bankers Trust Company starting up corporate equity derivatives business teams.

"The Board is pleased to welcome our newest board members. The combined industry experiences of Gerry and Joe will further enhance our board," said Wayne Luthringshausen, OCC Chairman and Chief Executive Officer. "We also bid farewell to Dr. Richard Lindsey, who made significant contributions during his five years serving on our Board and welcome Frank Bisignano as his successor as Vice Chairman."

Mr. Bisignano is the Chief Administrative Officer for JPMorgan Chase & Co. and a member of the firm's Operating Committee. Previously, he served as Chief Executive Officer for Citigroup's Global Transaction Services (GTS) business and a member of Citigroup's Management Committee and Operating Committee. Prior to that, Mr. Bisignano was the Chief Administrative Officer of Citigroup's Global Corporate and Investment Banking Group (GCIB), while also serving as Deputy Head of Operations and Technology for all of Citigroup from 2000 to 2003. Before joining Smith Barney in 1994, Mr. Bisignano was Executive Vice President and Chief Consumer Lending Officer at First Fidelity Bancorporation and was a Senior Vice President at Shearson Lehman Brothers, Inc. from 1986 to 1990.

"Frank Bisignano has been a valued Board member for nearly five years and we look forward to having his expertise in his new role as Vice Chairman," said Luthringshausen.

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