News Release

CBOT Successfully Launches Dow Jones U.S. Real Estate Index Futures

Wed Feb 21 2007

For Immediate Release

Media Contact:                                                                 
Craig Grabiner                                      
(312) 341-5758                                              


CHICAGO, IL, February 21, 2007 – The Chicago Board of Trade (CBOT®) today successfully launched its new futures contract based on the Dow Jones U.S. Real Estate IndexSM (DJUSRE).  DJUSRE Index futures contracts are designed to help market participants capitalize on changes in the real estate sector of the stock market and better manage commercial real estate exposure.

The new DJUSRE Index futures contract is intended to accommodate the needs of institutional real estate investors and the commercial real estate market. It settles to the value of the DJUSRE Index, which is comprised primarily of Real Estate Investment Trusts (REITs).  REIT securities often track the underlying U.S. commercial real estate market, with REIT share prices driven in part by lease rates, vacancies, development costs and property transaction values.

CBOT President and CEO Bernard W. Dan said, “In the research and development phase for this new contract, we spoke with various market participants who sought new means for managing the risks associated with commercial property ownership.  The new contract is a natural extension to our Equity Index product complex.  We expect the combination of deep CBOT liquidity and the highly-regarded Dow Jones U.S. Real Estate Index to bring an array of new trading opportunities to the marketplace.”

In addition to today’s launch of the new DJUSRE Index futures contract, the CBOT also introduced three market makers for the new product.  Susquehanna Investment Group, Wolverine Trading, LLC and Allston Trading, LLC will help provide a reliable two-sided market for CBOT market participants.

The new DJUSRE Index futures contract trades on the CBOT electronic trading platform from 6:15 p.m. – 4:00 p.m. CT (the following day), Sunday through Friday.  The contract, which is settled in cash, has a value equal to $100 multiplied by the value of the DJUSRE Index. 

For additional information on the DJUSRE Index futures contract, please visit

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,” and “Dow Jones U.S. Real Estate Index” are service marks of Dow Jones & Company, Inc., and have been licensed for use for certain purposes by CBOT.  CBOT’s DJUSRE Index futures contract based on the Dow Jones U.S. Real Estate IndexSM, is not sponsored, endorsed, sold or promoted by Dow Jones, or any of its subsidiaries or affiliates, and none of Dow Jones, or any of its respective subsidiaries or affiliates makes any representation regarding the advisability of investing in such contracts.

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