News Release

FCStone To Serve as Market Maker for CBOT Ethanol Contract

Tue Feb 20 2007

For Immediate Release

Media Contact:
Debbie Baratz


CHICAGO, February 20, 2007 – The Chicago Board of Trade (CBOT®) announced today that FCStone has become an electronic market maker for the CBOT’s Ethanol futures contract. FCStone will provide liquidity and continuous two-sided markets for the Ethanol futures trading on the CBOT’s electronic trading platform.

CBOT Senior Vice President of Business Development, Robert D. Ray said, “FCStone brings a wealth of experience and expertise to the CBOT’s Ethanol complex, which we believe has become the benchmark for domestic ethanol prices.  Ethanol processors and investors have already noted the improved liquidity that FCStone has brought to our market, and we are committed to working with FCStone and the rest of the biofuels industry to create new and innovative trading opportunities for market participants.” 

FCStone Senior Vice President, Eric Bowles said, "The decision to become a market maker was driven by FCStone’s desire to support the continued growth of the entire industry. A liquid ethanol futures contract provides a transparent pricing benchmark for managing production and marketing risks." 

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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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