News Release

CBOT to Launch New Dow Jones-AIG Commodity Index Futures

Fri Sep 01 2006

For Immediate Release

Media Contact:
Craig Grabiner
(312) 341-5758

Dow Jones-AIG Commodity Index Excess Return Home Page

CBOT to Launch New Futures Contract Based on the Dow Jones-AIG Commodity Index;
Contract to Enhance Exposure to Global Commodities Markets

CHICAGO, IL, September 1, 2006 – The Chicago Board of Trade (CBOT®) today announced plans to launch a new futures contract based on the Dow Jones-AIG Commodity Index (DJ-AIGCISM) on October 2, 2006.  The electronically traded Dow Jones-AIG Commodity Index Excess Return futures contract (DJ-AIG ER) reflects customer demand for an exchange-traded instrument that provides diversified, global commodities exposure.

This new contract, launched under a license agreement among the CBOT, Dow JonesSM and AIG Financial Products Corp. (AIGFP), replaces the existing CBOT DJ-AIGCI contract, which will be de-listed following its December 2006 expiration. The DJ-AIG ER will settle to the value of the DJ-AIGCI, rather than to the sum of its individual components, reflecting the deep liquidity of the global markets that comprise the index.  

Robert D. Ray, Senior Vice President of Business Development at the CBOT said, “Our development of the DJ-AIG ER contract is the direct result of conversations with CBOT customers, who specifically requested a user-friendly futures contract based on the diverse global commodities markets.  We believe the new contract offers a standardized alternative to over-the-counter transactions, making it an ideal risk management tool for entities that have trading restrictions in the OTC markets.”

According to Daniel Raab, Managing Director of AIG Financial Products Corp., “The redesigned contract provides an efficient mechanism for investing in and trading the DJ-AIGCI.  Coupled with the first-rate operational capabilities at the CBOT, it should expand the use of DJ-AIGCI futures.”

The new DJ-AIG ER futures contract will trade on e-cbot from 8:15 a.m. – 1:30 p.m. CT, Monday through Friday.  The CBOT is also creating a market maker program for the new DJ-AIG ER futures contract to ensure a two-sided market will be available to market participants.  The CBOT is currently in negotiations with potential liquidity providers – AIGFP will serve as one of the market makers.

Commodities in the DJ-AIGCI include:  Aluminum, Copper, Coffee, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Silver, Soybeans, Soybean Oil, Sugar, Unleaded Gasoline (RBOB), Wheat and Zinc.

Related Documents
Contract Specs
Questions and Answers
Reference Guide

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.

“Dow Jones,” “AIG®” and “Dow Jones-AIG Commodity IndexSM” are service marks of Dow Jones & Company, Inc. and American International Group, Inc. (“American International Group”), as the case may be, and have been licensed for use for certain purposes by CBOT.  CBOT’s DJ-AIG ER contract based on the Dow Jones-AIG Commodity IndexSM, are not sponsored, endorsed, sold or promoted by Dow Jones, AIG Financial Products Corp. (“AIG-FP”), American International Group, or any of their respective subsidiaries or affiliates, and none of Dow Jones, AIG-FP, American International Group, or any of their respective subsidiaries or affiliates, makes any representation regarding the advisability of investing in such contracts.

Corporate Communications

+1 312 930 3434