News Release

CME Enhances Corporate Development Team -- Appoints 25-Year Financial Services Industry Veteran as Chief Corporate Development Officer

Mon Jan 09 2006

CHICAGO, Jan. 9 /PRNewswire-FirstCall/ -- CME, the world's largest and most diverse financial exchange, today announced the appointment of John P. Davidson III, most recently Managing Director & Operations Officer for Morgan Stanley's Global Operations and Services Division, as CME Managing Director & Chief Corporate Development Officer.

Davidson will report to CME CEO Craig Donohue beginning Feb. 6, and will oversee the company's corporate development team, with oversight of strategic planning, business development, and corporate project management. He also will be responsible for corporate research, thereby facilitating coordinated business and product development efforts and faster time to market for CME innovations.

Ann K. Shuman and Kendal Vroman, who were named Directors & Co-Heads, Corporate Development in April 2005, have also been promoted to Managing Directors, Corporate Development, and will report to Davidson. John Labuszewski, Managing Director, CME Research & Product Development also will report to Davidson.

"As we continue to offer our customers the most diverse set of benchmark products with deep liquidity and an unparalleled technology platform, we also want to further enhance the capabilities of our Management Team, the best in the industry," said CME Chairman Terry Duffy. "John's leadership and skill set will be great assets to our high-performing team."

"John's deep knowledge of global futures and options markets, as well as his significant experience in the cash, securities and over-the-counter derivatives markets, adds value to our ability to execute CME's global growth strategy," said Donohue. "We are also very pleased to promote Ann and Ken to this next level in their careers. Their combined expertise will be a great advantage to CME as we continue to develop our business and drive growth."

Davidson, 50, has more than 25 years of experience in the global financial services industry and previously worked for ten years as part of the CME Clearing House. At Morgan Stanley, he most recently was responsible for overseeing the integration of systems and processing services to combine the firm's previously separate institutional, retail and investment management divisions into a single, integrated global securities business. He rebuilt the firm's global institutional processing system and opened new processing centers on four continents, away from major financial centers. At CME, Davidson was instrumental in developing and implementing the CME® Globex® electronic trading platform, the SIMEX Mutual Offset System, the Standardized Portfolio Analysis of Risk (CME SPAN®) margining system, and the design of CME Clearing 21, now viewed as the premier clearing system in the world.

Davidson is a former Board Member of The Options Clearing Corporation and was a member of the Operations Advisory Committee of the New York Stock Exchange, the Operations Advisory Committee of the Depository Trust & Clearing Corporation and the Clearing House Risk Committee of CME. He earned an M.B.A. in financial management and international business from the University of Chicago and graduated with highest distinction from the University of Illinois-Urbana with a bachelor's degree in political science.

Chicago Mercantile Exchange Inc. ( ) is the world's largest and most diverse financial exchange. As an international marketplace, CME brings together buyers and sellers on CME Globex electronic trading platform and on its trading floors. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.4 billion per day in settlement payments in the first three quarters of 2005 and managed $43.8 billion in collateral deposits at September 30, 2005, including $3.8 billion in deposits for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME)(NASDAQ: CME), which is part of the Russell 1000® Index.

Chicago Mercantile Exchange, CME and 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.



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