News Release

CBOT Promotes Scott Kaufman to VP, Enterprise Programs Division

Fri Sep 08 2006

For Immediate Release

Media Contact:
Maria Gemskie
(312) 341-3257


CHICAGO, IL, September 8, 2006 – The Chicago Board of Trade (CBOT®) announced today the promotion of Scott Kaufman to the position of Vice President, Enterprise Programs Division (EPD), a new department within the Exchange.  The CBOT Office of the President charged Kaufman to create the new department in 2005 with the goal of integrating the operations and roles of the Functional Solutions Division, Program Management Division, and Enterprise Solutions group. Kaufman will continue to report to Bryan Durkin, Executive Vice President and Chief Operating Officer.

As Vice President of EPD, Kaufman will continue to focus on the effective implementation of project management processes to successfully deliver value across all major Exchange initiatives. Tied directly to the strategic direction of the Office of the President, the new division ensures that each CBOT project fits within the Exchange’s business strategy. 

CBOT President and Chief Executive Officer Bernard Dan said, “Scott’s proven ability to lead and execute major strategic programs and his commitment to fiscal responsibility has made him a valuable member of our management team. I am confident that his ability to effect change by driving greater operational efficiencies will play an important part in the many future successes at the Exchange.”

Kaufman joined the CBOT in April 2002 as Director of Project Management. During his four years at the Exchange, he was responsible for overseeing the transition of the CBOT from the a/c/e electronic trading system to its current e-cbot® trading platform supported by AEMS. Kaufman also played a major role in the rollout of the Common Clearing Link, operational enhancements on the trading floor, and most recently he was Program Director for the Joint Asian Derivative Exchange (JADE), a joint venture of the Singapore Exchange and the CBOT. JADE, scheduled to launch September 25, 2006, will offer Asian-based commodity futures hosted on e-cbot and cleared through Singapore Derivatives Clearing.

Prior to joining the Exchange, Kaufman was the Senior Manager of Advanced Technology at Arthur Andersen. He earned a Master of Business Administration from Marquette University and an undergraduate degree from the University of Wisconsin, Milwaukee.

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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