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OCC Formalizes Agreement With Quadriserv To Launch Centralized Securities Lending Marketplace

CHICAGO, January 7, 2009 - The Options Clearing Corporation (OCC) today announced it has reached an agreement with Quadriserv, Inc. to combine their efforts to provide transparency and efficiency to the securities lending industry.

Quadriserv, through its wholly-owned subsidiary Automated Equity Finance Markets, Inc., and OCC have formalized their plans to operate the AQS™ securities lending platform by signing a clearing and settlement services agreement. Under the agreement, OCC will provide clearinghouse services and act as the central counterparty for all securities lending transactions submitted through the AQS platform.

AQS will match lenders and borrowers using a hybrid auction and continuous price discovery mechanism. The resulting matched loans will be processed through the OCC, which will provide central counterparty guarantees. Post-transaction reporting capabilities include real-time reporting of executed transactions, stock and cash movements through The Depository Trust Company, as well as record keeping and reporting via industry standard formats.

"OCC is pleased to be a part of the cutting edge solutions for improving the securities lending industry brought about by Quadriserv," said Michael E. Cahill, OCC President and Chief Operating Officer. "AQS will become the eleventh marketplace served by OCC and we look forward to bringing our utility clearing model to an industry undergoing such revolutionary change."

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 Boston Options Exchange, Chicago Board Options Exchange, CBOE Futures Exchange, International Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Amex Options, NYSE Arca, OneChicago and Philadelphia Board of Trade. More information about OCC is available through its Web site at www.optionsclearing.com.