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OIC, E*Trade Securities LLC Enter Web Partnership

Chicago—July 14, 2003

The Options Industry Council (OIC) announced today its new Web partnership with E*TRADE Securities LLC, a subsidiary of E*TRADE Group, Inc. (NYSE: ET), to provide online options education content to the company's customers.

Under the partnership agreement, E*TRADE Securities will offer brokerage customers access to OIC's options education on its Web site at https://us.etrade.com/e/t/invest/options?traxui=twh. Through links to OIC's site, novice brokerage customers can learn about options basics while experienced options traders can read about implementing more complex options strategies that will best meet their individual risk tolerance levels. Investors of all levels will have unlimited access to OIC's free online classes, ranging from options basics to advanced strategies, for additional options education.

"Our Web site partnerships are an important avenue to increase our educational efforts. The Web sites that have OIC partnership agreements maintain the look and feel of their host sites but the educational content is powered by OIC," said Carolyn Mitchell, First Vice President, Investor and Internet Services.

Lou Klobuchar, Chief Brokerage Officer at E*TRADE Group, Inc. said, "Our objective at E*TRADE is to give our customers the tools and education they need to help them realize their financial objectives. This partnership with OIC allows us to offer comprehensive education for customers interested in options trading."

Through this partnership, OIC will offer the following to E*TRADE Securities:

  • Content licensing, subject to OIC's Content License Agreement
  • Banners and links to OIC's Web site and content on E*TRADE Group's Web site

More information about OIC's partnership agreements, may be found at http://www.888options.com/partnership.

About OIC

OIC is a non-profit association funded by the American Stock Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's free resources include: The Options Industry Services call center at 1-888-OPTIONS, an educational Web site at www.888options.com, evening seminars throughout the continental United States and Canada, instructional videos and educational literature and software.

About E*TRADE Financial

E*TRADE Financial brings together a personalized and fully integrated financial services solution that includes brokerage, banking and lending. The products, services, content and information at E*TRADE Financial are available to retail, institutional and corporate customers through the Web, ATMs, Centers, Relationship Managers and Call Centers. Securities products and services are offered by E*TRADE Securities LLC (member NASD/SIPC), bank products and services are offered by E*TRADE Bank (member FDIC), mortgages are offered by E*TRADE Mortgage Corporation, and E*TRADE Financial Advisor is a service of E*TRADE Advisory Services, Inc., an investment adviser registered with the SEC.

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