The Board of Directors has approved revisions to Regulation 2036.01 for Binary Options on the Target Fed Funds Rate.  These revisions will change the latest possible time for obtaining the applicable Target Fed Funds Rate at expiration from 6:00 p.m. to 5:00 p.m. (Eastern time).

These revisions will be effective for all newly listed Fed Binary Options contract months beginning with the March 2007 contract expiration.

Copies of the revised regulation are available from the Secretary’s Office.

Questions in this regard may be directed to Jonathan Kronstein in the Business Development Department at (312) 435-7162.