The Chicago Board of Trade (CBOT^®) has modified its excluded countries for the Global Developing Markets Program (GDM) that began on August 1, 2006.  The current GDM program is targeted to qualified proprietary trading groups and trading arcades to encourage volume growth among traders located in countries that have not historically been active in CBOT markets.  Registered traders are eligible for exchange transaction and clearing fee waivers for up to 250,000 sides for all electronically traded CBOT products.  The GDM program will end for all participants on July 31, 2008. 

Participants trading from the following locations are excluded from participating in the program:  Austria, Belgium, Canada, France, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Monaco, the Netherlands, New Zealand, Portugal, Scandinavia, Singapore, Spain, Switzerland, the United Kingdom, and the United States.  The CBOT retains the authority to determine whether a location is, or is no longer, considered to be an approved developing market for the GDM Program.

For more information about the CBOT’s GDM Program, please visit www.cbot.com > About CBOT > Membership > Forms > Firm Application Forms or contact the CBOT’s European Office at +44-20-7929-0021.