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NASDAQ Options Market Joins the OCC

CHICAGO, March 31, 2008 - The Options Clearing Corporation (OCC) and the NASDAQ OMX Group, Inc. announced today that the NASDAQ Options Market has become an OCC participant exchange. This follows the recent approval of NASDAQ Options Market's trading rules by the Securities and Exchange Commission. NASDAQ Options Market will begin operation today.

OCC, which operates under the jurisdiction of the SEC and the Commodity Futures Trading Commission, clears and guarantees the trades executed on all U.S. options exchanges. As a result of NASDAQ Options Market's affiliation with OCC, the standardized options contracts traded on there will be able to be offset against the same options contracts traded on other U.S. options markets, resulting in significant efficiencies for participating member firms.

"On behalf of NASDAQ OMX, we are delighted that The NASDAQ Options Market has officially become a member of the OCC, the world's largest equity derivatives clearing organization. The NASDAQ Options Market launched today and we look forward to growing our price/time priority options market. It was a pleasure working with the OCC throughout this process and we thank the OCC staff for its contributions," commented Adam Nunes, Vice President and Head of The NASDAQ Options Market.

"OCC is pleased to welcome The NASDAQ Options Market during this time of unprecedented growth in the U.S. options marketplace," said Wayne P. Luthringshausen, OCC Chairman and CEO. "As a participant exchange, The NASDAQ Options Market will be afforded the full range of state-of-the-art clearing services available to all of our exchanges."

The NASDAQ Options Market operates a fully automated, price/time priority market with an opportunity for price improvement that provides a level playing field to all participants. It also has the ability to provide a routing service to orders when trading is not present on the NASDAQ Options Market. NASDAQ OMX's offering will be the first options trading platform to offer true price/time priority. The NASDAQ Options Market will complement NASDAQ's acquisition of the Philadelphia Stock Exchange.

NASDAQ OMX Background

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit

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