News Release

CBOT Announces New Global Developing Markets Program

Thu Jul 20 2006

For Immediate Release

Media Contact:
Melissa Jarmel

Investor Contact:
Debbie Koopman

CBOT Works to Increase Trading Opportunities Worldwide Via New Global Developing Markets Program

CHICAGO, IL, July 20, 2006 - The Chicago Board of Trade (CBOT) today announced it will launch a Global Developing Markets Program (GDM), furthering its strategy to expand global access to the CBOT’s liquid and transparent markets.  Through targeted fee waivers, the Exchange is increasing trading opportunities and encouraging volume growth among traders located in countries that have not historically been active in CBOT markets.

Proprietary trading groups and trading arcades will be eligible to qualify for the program, which will provide registered participants with transaction and clearing fee waivers for up to

250,000 sides for all electronically traded CBOT products during a two-year period.  The GDM Program is set to begin on Tuesday, August 1, 2006.

CBOT President and CEO Bernard W. Dan said, “The Global Developing Markets Program is a proactive approach to broadening the base of participation in the CBOT’s markets and to increase the international distribution of our products.  While electronic trading has broken down many artificial boundaries, we believe that untapped potential still exists around the world in areas where the benefits of our products may not yet be widely known.  By partnering with qualified firms and providing them with the right training, the CBOT GDM Program is fostering the growth of a truly global marketplace.”

Participants trading from the following locations are excluded from participating in the program:  Austria, Australia, Belgium, Canada, France, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Monaco, the Netherlands, New Zealand, Portugal, Scandinavia, Singapore, Spain, Switzerland, the United Kingdom, and the United States.  The CBOT retains the authority to determine whether a location is, or is no longer, considered to be an approved developing market for the GDM Program.

For more information about the CBOT’s GDM Program, please visit the Firm Application Forms section located on

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 158-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 website at

Forward Looking Statements

Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and includes any use of the words “may,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue”.  These statements are based on management’s current expectations and involve assumptions that may be subject to change or risks and uncertainties that could cause actual results to differ materially from those set forth in the statements.  Accordingly, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statement contained in this press release.  The factors that may affect our performance may be found in the Annual Report on Form 10-K and other periodic reports filed by CBOT Holdings, Inc. with the U.S. Securities and Exchange Commission (“SEC”).  These filings can be obtained at the SEC’s website at  We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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