News Release

JADE Announces First Asian-Based Commodity Derivatives Futures Contract

Thu May 18 2006

JADE Announces First Asian-Based Commodity Derivatives Futures Contract
Electronic Exchange Also Unveils Corporate Identity, Launches Website

Chicago, IL, Singapore, May 18, 2006  - Joint Asian Derivatives Exchange (JADE), a joint venture between the Chicago Board of Trade (CBOT®) and Singapore Exchange (SGX), today announced that pending approval from the authorities, its first Asian-based commodity derivatives product to trade on the all electronic Exchange will be a Natural Rubber futures contract. The rubber contract will be based on a natural rubber grade called Technically Specified Rubber 20 (TSR 20) and is on target to launch in the third quarter of 2006.

"We're pleased to officially introduce JADE's first futures contract and we look forward to bringing more Asian commodities to market," said JADE Managing Director Mr Chong Kim Seng.  "With the speed and convenience offered by the CBOT electronic trading platform and the excellent clearing services and sound regulatory infrastructure provided by SGX, JADE represents an outstanding opportunity for market participants."

The joint venture company will continue to research and develop new commodity contracts that deliver the greatest value to market participants. Additional details on new futures products are forthcoming.

As part of its roll-out plan, JADE is also pleased to present its corporate logo, which consists of integrated marks from both founding exchanges (Please refer to Annex 1). The JADE logo symbolizes the close cooperation between the CBOT and SGX.  The new exchange was formed to expedite development of the Asian based commodity derivatives market for the benchmarking, price discovery and risk management of Asian-based commodities.

JADE also announced today the launch of the Exchange’s website, available at www.jadeexchange.com

For more information, please contact:

 

CBOT

Maria Gemskie
Communications
Tel: +1 312 341 3257
Email: mgemskie@cbot.com

Craig Grabiner
Communications
Tel: + 1 312 341 5758
Email: cgrabiner1@cbot.com

SGX

John Gollifer
Corporate Communications
Tel: +65 6236 8540
Email: johngollifer@sgx.com

Jane Tee
Corporate Communications
Tel: +65 6236 8137
Email: janetee@sgx.com

Notes

About the Joint Asian Derivatives Exchange (JADE)

The Joint Asian Derivatives Exchange (JADE) is a Singapore-based, electronic commodities derivatives market under development by Joint Asian Derivatives Pte. Ltd., a joint venture of CBOT Holdings, Inc. and the Singapore Exchange.  JADE is expected to commence operations by 2006 and leverage the CBOT’s infrastructure, connectivity and global market participants and SGX’s position as a leading Asian derivatives exchange.

The joint venture company will develop commodity contracts to be traded on JADE. The new products will be hosted on the CBOT electronic trading platform, powered by LIFFECONNECT®.  All trades will be cleared by the SGX derivatives clearing house. As a result of the CBOT’s recent extension of their telecommunications network into Singapore, the new market will leverage the infrastructure and connectivity of the CBOT's global market participants in addition to those connected to Singapore Exchange Derivatives Trading Limited (SGX-DT). In the initial phase, JADE will be operated by SGX-DT under its existing license granted by the Monetary Authority of Singapore (MAS).

Forward Looking Statement

In this release, our use of the words “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,” 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 U.S. Securities and Exchange Commission, which can be obtained at its web site at www.sec.gov. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Annex 1

Corporate Identity

The corporate logo is the unique point of identification for the Joint Asian Derivatives Exchange (JADE). At the same time, its framework is a sub brand of the established logos and colour branding of JADE’s joint founders, the Chicago Board of Trade (CBOTÒ) and Singapore Exchange (SGX).

The logo is a combination of three distinct elements which together distinguish JADE from CBOTÒ and SGX while reinforcing the collaboration between these organisations; the dynamic monogram ‘E’ of SGX’s logo superimposed on the octagonal form of the CBOT signature represents the linkage with the parent companies; the new brand name, JADE, given a contemporary treatment, sets the new venture apart from its founders; and the company name fully spelt-out creates awareness for the scope of the new commodities market’s operations.

The bold corporate colour scheme comprises the SGX pattern of vivid hues of green and CBOT’s 100% black. The resulting strong visual theme creats a distinct and uncompromising identity for JADE reflecting confidence, leadership and value in the marketplace.

JADE’s visual identity, or branding, as expressed in the logo, is designed to help communicate its positioning as an innovative commodities derivatives market that will leverage on CBOT’s electronic trading platform and global market participants. In addition, JADE’s branding capitalizes on SGX’s own market positioning as the Asian Gateway.

Corporate Communications

+1 312 930 3434
Email