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OCC Congratulates New CFTC Chairman and Commissioners

CHICAGO (August 4, 2017) – Craig Donohue, executive chairman and CEO of OCC, the world's largest equity derivatives clearing organization, today congratulated Christopher Giancarlo on being confirmed by the U.S. Senate as chairman of the U.S. Commodity Futures Trading Commission (CFTC). He also congratulated Brian Quintenz and Rostin Benham on their confirmation as CFTC commissioners.

"On behalf of my OCC colleagues, I congratulate Chris on being confirmed as CFTC chairman, and Brian and Russ as CFTC commissioners by the U.S. Senate. Together, they bring a strong and complementary breadth of knowledge and experience to the talented team already at the agency, and we look forward to working with them to help solve some of the challenging issues currently facing the global futures and options industry so investors can be better served and we can help these markets grow."

OCC operates under the jurisdiction of the CFTC and the U.S. Securities and Exchange Commission.

About OCC

OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com