Options Industry Kicks Off the New Year With Back-to-Back Daily Volume Records

Chicago—January 23, 2006

The Options Industry Council (OIC) and The Options Clearing Corporation (OCC) announced that a new daily trading volume record was set on Friday, January 20, 2006, when 14,888,644 contracts changed hands, 29.2 percent higher than the record set the previous day on January 19, 2006 of 11,523,913 contracts.

Trading this year has jumped out to an impressive start with three of the top five trading volume days occurring in January. Additionally, the average daily volume for January is now at 9.3 million contracts.

“Friday’s record volume was more than double last year’s average daily volume of 5.9 million contracts,” said Michael Cahill, OCC President and COO. “The anticipatory upgrades and enhancements we have made to our core clearing system allow us to meet the increasing demands resulting from the continued growth of options trading.”

A new open interest record of 222,257,159 contracts was also set Friday. Open interest is the total number of options contracts that have not yet been offset, exercised or allowed to expire.

Equity options trading also set a new record on Friday with 13,271,074 contracts changing hands, a 26.5 percent increase over the previous record of 10,491,603 set on Jan. 19. Four of the top five equity options volume days have occurred in January.

About OIC

OIC is a non-profit association funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's 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 OCC

OCC, founded in 1973, is the largest clearing organization in the world for options and was the first clearing house 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, Pacific Exchange, Philadelphia Stock Exchange and Philadelphia Board of Trade. More information about OCC is available through its Web site at www.optionsclearing.com.

Press Contacts

Jim Binder
312-322-9853
jbinder@theocc.com
Erin Green
312-322-6267
egreen@theocc.com
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