News Release

CME Group Issues Statement in Response to SEC Ruling on CBOE Exercise Rights

Wed Jan 16 2008

CHICAGO, Jan. 16 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse exchange, issued the following statement in response to the SEC's ruling on Chicago Board Options Exchange's (CBOE) "rule interpretation" terminating exercise rights and creating a temporary trading permit program:

"We are pleased that the SEC agrees with CME Group that the merits of our claims reside in the Delaware courts. The ruling clearly emphasizes that the state court's decision takes precedent in preserving the exercise and property rights of CBOT members.

We are confident that the merger of CBOT Holdings and CME Holdings Inc. did not impair the exercise rights of CBOT B-1 members under the terms of the 1992 Agreement and the CBOE Charter. The CBOE's efforts to avoid its contractual obligations to the CBOT B-1 members by means of a unilateral 'interpretation' of the CBOE charter, violates Delaware law. That issue is currently before the Delaware court, and the SEC has now agreed that the court, and not the SEC, has the authority to make the final decision. The SEC also made it clear that its approval of the CBOE's interpretation was subject to further review pending the Delaware court's decision.

We will continue our efforts to preserve the rights of CBOT members to become or remain exercise members of the CBOE pursuant to the exercise right and to share equally in any CBOE demutualization."

CME Group ( 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, energy, 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. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at

Forward-Looking Statements

Statements in this news release that are not historical facts are forward- looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Among those risks and uncertainties are the risks of and uncertainties associated with an unfavorable judgment or decision by any court, regulatory body or other governmental authority. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q, which is available in the Investor Relations section of the CME Group Web site. 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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