News Release

CME and Global Real Analytics Announce Licensing Agreement to Launch U.S. Commercial Real Estate Futures and Options

Wed Sep 06 2006

CHICAGO, Sept. 6 /PRNewswire-FirstCall/ -- CME, the world's largest and most diverse financial exchange, announced today that it is teaming with Global Real Analytics, a leader in commercial real estate index products, to launch U.S. Commercial Real Estate futures and options contracts based on the GRA Commercial Real Estate Indexes (CREX)™. These new and innovative financial tools are scheduled to begin trading in the first quarter of 2007 and are the first of a kind that allow investors and speculators to protect or gain exposure to the $5.3 trillion U.S. commercial real estate market.

"Commercial real estate represents a significant asset for many institutions and these products will create a liquid and transparent market that can be used by these market participants to help reduce risks associated with holding real estate assets," said Rick Redding, CME Managing Director for Products and Services. "The development of commercial real estate indexes, along with our existing U.S. housing indexes, fits into our ongoing business strategy to offer innovative products and attract new users to the market."

"We are very excited about joining with the CME and the opportunities arising from our new CREX indexes," said Jim Sempere, Chief Operating Officer, GRA. "These new indexes are a natural extension of our 20-year history of capturing commercial real estate market dynamics by tracking transaction-based price changes in diverse property sectors and geographic regions -- they are the ideal and long-awaited tool to be used for publicly-traded futures contracts."

Ten quarterly cash-settled contracts based on property type and geography will be available. The listings include a composite index; indexes on property types consisting of retail, office, apartments and warehouse properties; and five U.S. regional indexes covering Desert Mountain West, Mid-Atlantic South, Northeast, Midwest and Pacific West. Combinations of these indexes are also being considered. GRA CREX data are based on recorded transactions and revised monthly. Trading of CME U.S. Commercial Real Estate indexes will occur on CME Globex®, the exchange's electronic trading platform.

In May 2006, CME launched futures and options on futures based on U.S. residential markets in ten cities and one composite index. For more information on the CME U.S Housing Indexes, please visit http://www.cme.com/housing .

For more information on U.S. Commercial Real Estate futures and options please visit http://www.cme.com/commercialrealestate .

About CME

CME ( http://www.cme.com/ ) is the world's largest and most diverse financial exchange. As an international marketplace, CME brings together buyers and sellers on the CME Globex® electronic trading platform and on its trading floors. CME offers futures and options on futures in these product areas: interest rates, stock indexes, foreign exchange, agricultural commodities, alternative investment products such as weather, real estate and economic derivatives and energy. CME is a wholly-owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME)(NASDAQ: CME), which is part of the Russell 1000® Index and the S&P 500® Index.

About GRA

Global Real Analytics, LLC (GRA) ( http://www.graglobal.com/ ) is an innovator and leader in creative applied real estate analytics, investment management and commercial real estate Index products - applying the best in research, technology and investment thought to global real estate investing for our partners and clients. Using property-based analytical models, and industry-leading proprietary real estate databases - together with a network of information-affiliates around the globe - GRA provides timely, systematic investment insight for publicly-traded real estate equity and debt securities, and produce and publish real estate indexes for use in the capital markets.

Statements in this news release that are not historical facts are 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 our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q, which can be obtained at its Web site at http://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.

Chicago Mercantile Exchange, CME, the globe logo and CME Globex are registered trademarks of Chicago Mercantile Exchange Inc. Other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license. Further information about CME and its products is available on the CME Web site at http://www.cme.com/ .

CME-G

SOURCE: CME

CONTACT: Media, Allan Schoenberg, +1-312-930-8189, or Mary Haffenberg,
+1-312-930-3435, news@cme.com , or Investors, John Peschier, +1-312-930-8491,
all of CME

Web site: http://www.cme.com/
http://www.cme.com/housing
http://www.cme.com/commercialrealestate
http://www.graglobal.com/
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