News Release

CME Expands Foreign Exchange Product Team With New Hires

Mon Apr 30 2007

CHICAGO, April 30 /PRNewswire-FirstCall/ -- CME, the world's largest and most diverse derivatives exchange and the largest regulated marketplace for foreign exchange (FX) trading, today announced that it has expanded its FX team by appointing Craig LeVeille as Director, FX Products and Michael Hohman as Associate Director, FX Products. These newly created positions are designed to focus on selling CME FX products to FCMs, hedge funds, brokers, banks, proprietary trading groups, institutions and other current and potential clients worldwide.

LeVeille, 47, and Hohman, 38, will be responsible for helping to execute CME's growth strategy in its FX products, including increasing trading volume and distribution of FX futures and options on CME Globex®, expanding the company's global customer base, developing new products and services and enhancing CME's presence in the over-the-counter (OTC) FX market. They will both report to Derek Sammann, Managing Director, FX Products.

"Given the extraordinary growth CME FX has experienced over the past year, we are expanding our FX team in Chicago, with the addition of Craig and Michael, and will continue that expansion globally in the next few months," said Derek Sammann, Managing Director, FX Products. "Craig and Michael's extensive experience in the OTC and exchange-traded FX markets as well as their deep market knowledge will be invaluable as we continue to accelerate the growth of our FX business."

CME's FX product line continues to experience dynamic growth. Last quarter, the company delivered record FX volume, which rose 36 percent to 555,000 contracts per day. In March, CME's combined FX futures and options volume represented a record notional value of $80 billion, making CME the second largest pool of liquidity in the world. CME's FX product line has a three-year compounded annual growth rate over 50 percent, compared to an estimated 15 percent annual growth rate for the OTC FX market.

Since 1993, LeVeille has served as Director, FX Options for BMO Capital Markets, where he was responsible for the development and execution of corporate and institutional FX options sales. He was also an FX options market maker for the bank in the OTC market. Prior to joining BMO Capital Markets, LeVeille worked as an options trader for Societe Generale and Kessler/Asher Group. His background also includes marketing experience with Centel Corporation. LeVeille earned a bachelor's degree in marketing from the University of Illinois and an MBA degree in finance from the University of Chicago. He is a Chartered Financial Analyst.

Hohman joins CME from Cantor Fitzgerald where he most recently served as Vice President, FX Sales. His background also includes trading experience with Capital Trading Group, LLC. and Morgan Stanley & Co. He earned a bachelor's degree in political science from Western Illinois University and has his series 3, 7, 63, 65 and 24 licenses.

CME offers the world's largest regulated FX trading complex, providing users with liquid, transparent markets, guaranteed execution and central counterparty clearing risk management on 41 individual FX futures and 31 options on futures products. In the first quarter of 2007, CME FX average daily volume was 555,000 contracts, with a notional value of $67.9 billion, up 36 percent from first quarter 2006. Last year, over 114 million FX contracts with a notional value of over $13.8 trillion traded at CME.

CME ( is the world's largest and most diverse derivatives exchange. As an international marketplace, CME brings together buyers and sellers on the CME Globex® electronic trading platform and on its trading floors. CME offers futures and options on futures in these product areas: interest rates, stock indexes, foreign exchange, agricultural commodities, energy, and alternative investment products such as weather, real estate and economic derivatives. CME is a wholly-owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME)(NASDAQ: CME), which is part of the Russell 1000® Index and the S&P 500® Index.

Chicago Mercantile Exchange, CME, the globe logo, CME Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CLEARING 21 is a registered trademark of CME and New York Mercantile Exchange, Inc. S&P, S&P 500, NASDAQ-100, Nikkei 225, Russell 1000, Russell 2000, TRAKRS, Total Return Asset Contracts and other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license. Further information about CME and its products is available on the CME Web site at



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