News Release

CBOT and NYBOT Sign Agreement to Host NYBOT Financial Contracts

Wed Jan 25 2006

CBOT and NYBOT Sign Non-Binding Agreement to Host
NYBOT Financial Contracts on CBOT’s Electronic Trading Platform 

CHICAGO, NEW YORK - January 25, 2006 – The Chicago Board of Trade (CBOT®) and the New York Board of Trade® (NYBOT®) announced today that the two exchanges have executed a non-binding letter of intent to host NYBOT’s financial products on the CBOT’s electronic trading platform, powered by Atos Euronext Market Solutions (AEMS) flagship product LIFFE CONNECT®.

CBOT President and CEO Bernard W. Dan said, “We welcome this opportunity to work strategically with NYBOT in helping to distribute its products to an even broader international audience. This non-binding agreement with NYBOT comes on the heels of the CBOT establishing a successful hosting agreement with three of North America’s largest grain exchanges, as well as the recent joint announcement with the Singapore Exchange regarding the launch of our new all-electronic exchange in which the CBOT will host the new Asian-based commodity products on its electronic trading platform.”

Dan added, “By offering one of the most premier electronic trading platforms to NYBOT, the CBOT is working to bring the industry greater standardization of electronic trading. This standardization is increasing efficiency and reducing costs for market users by providing access to multiple exchanges from a single location.”

NYBOT Chairman Frederick W. Schoenhut said, “Our decision today marks a major new commitment to expand our markets and to enhance service to our market users at the New York Board of Trade. This new electronic system will provide our financial products with the tools it needs to ensure continued growth in this very competitive arena.”

AEMS President and CEO Jean-Marc Bouhelier said, “This initiative is a tremendous opportunity to provide LIFFE CONNECT® to the NYBOT in partnership with the CBOT. Our state-of-the-art platform has become widely embraced by the global marketplace. The CBOT hosting model supported by AEMS has proven to be an efficient and cost effective venue for multiple exchanges, allowing worldwide access and distribution of their products through a single platform.”

In addition to the CBOT’s agricultural, financial, and metal products, the Exchange’s electronic trading platform currently hosts futures and options products offered by the Kansas City Board of Trade (KCBT®), the Minneapolis Grain Exchange (MGE) and the Winnipeg Commodity Exchange (WCE).  The CBOT entered into the landmark agreements with these institutions in 2004. Each exchange remains independent and maintains separate open and close times.  

The CBOT also plans to host the new Asian-based commodity contracts to be listed on the Joint Asian Derivatives Exchange (JADE), a joint derivatives exchange formed in partnership between the CBOT and the Singapore Exchange (SGX), expected to launch by the end of the third quarter of 2006.

NYBOT recently experienced its third straight record volume year in 2005, with total volume jumping 20 percent to a record of 37,945,585 futures and options contracts. Currency futures (including the U.S. Dollar Index® (USDX®), symbol: DX) also established a new record with 3,604,877 contracts changing hands, an increase of 53 percent. The USDX had a combined futures and options record of 1,159,938 contracts and the futures market was up 55 percent. Currency Pairs at NYBOT saw substantial growth, with Euro/Yen, Euro/Pound, Euro/Swiss and many others setting new records. The Exchange began trading the FINEX® Euro Currency Index (ECX, symbol E) futures and options index contracts on January 13, 2006.

About the CBOT

As one of the leading global derivative exchanges, the Chicago Board of Trade provides a diverse mix of financial, equity, and commodity futures and options-on-futures products. Building on its 157-year history, the CBOT continues to advance into the future using the strength of deep liquidity, market integrity and member-trader expertise. Using superior trading technology in both electronic and open-auction trading platforms, the CBOT provides premier customer service to risk managers and investors worldwide. For more information visit our web site at www.cbot.com.

About NYBOT

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about NYBOT Futures and Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.

About AEMS

Atos Euronext Market Solutions (AEMS) is the world’s largest provider of IT solutions for exchanges, clearing houses, banks and intermediaries.  AEMS was formed in July 2005 from a 50:50 joint venture between Euronext and Atos Origin, bringing together the assets, people and technology from within those organizations which were focused on providing technology for financial services industry.  AEMS employs approximately 1200 industry experts around the world and has live sites in 16 countries, with two major centres of excellence in London and Paris.  AEMS is structured around three main client-focused business units – Exchange, Capital Markets, and Clearing and Settlement.  These three business units are each underpinned by the Global Managed Services teams. 

Forward Looking Statements

In this release, our use of the words “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipants,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or other comparable terminology is intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in filings made by CBOT Holdings, Inc. with the Securities and Exchange Commission, which can be obtained at its web site at www.sec.gov. Except for any obligation to disclose material information under Federal securities laws, we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

LIFFE CONNECT® is a trademark of LIFFE Administration and Management (“LIFFE”) and is registered in Australia, Hong Kong, Singapore, the United States, the United Kingdom and as a European Community Trademark.

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