CHICAGO, Aug. 13 /PRNewswire-FirstCall/ -- CME Group today announced a workforce reduction of 380 positions. This reduction is expected to be completed by June 2008 and reflects CME Group's efforts to leverage synergies resulting from the July 2007 CME and CBOT merger.

All individuals whose positions are being eliminated will be informed this week and will be eligible for an enhanced severance package, including outplacement services designed to help employees through their transition. Outplacement services are being offered through Scherer, Schneider & Paulick (SSP).

The company also announced that the integration of CBOT products onto the CME Globex® electronic platform will take place over two weekends in January 2008 -- January 13 (commodities and equity indexes) and January 27 (interest rates). Previously, this integration was planned to take place during the first quarter 2008. Mock trading will begin in December 2007. Additionally, CME and CBOT open outcry markets will be migrated onto a single trading floor facility located at the CBOT building beginning in March 2008. The floor consolidation, which was initially expected to happen 12 to 18 months following close of the merger, had previously been moved up to the second quarter 2008.

CME Group (http://www.cmegroup.com/) is the world's largest and most diverse exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME."

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E-mini, are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. These trademarks are used herein under license. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at http://www.cmegroup.com/.

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SOURCE: CME Group

CONTACT: Media, Anita Liskey, +1-312-466-4613, or Allan Schoenberg,
+1-312-930-8189, news@cmegroup.com, or Investors, John Peschier,
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Web site: http://www.cmegroup.com/
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