With the launch of 3-Month Eurodollar Forward Rate Agreement (FRA) Futures on June 30, 2004, our first product with daily expirations and once-weekly trading opportunity each Wednesday, we have received several questions about the ITC message types distributors can expect to see and the timing of them.  Below, please find a listing of the various message types and the timing of each.

Indicative Opening Prices (Category Code U, Range Indicator I) will be disseminated between 2:30 and 3:00 p.m. Central Time each match day (usually Wednesday, except when holiday rules apply).

Opening Prices (Category Code U, Range Indicator O) will be disseminated at approximately 3:00 p.m. Central Time each Wednesday.

Trade Prices (Category Code T) will be disseminated at approximately 3:00 p.m. Central Time each Wednesday.

Settlement Prices (Category Code Q) will be transmitted Monday through Friday at approximately 3:15 p.m. Central Time.

Bids/Asks (Category Code B) will not be transmitted for this product.  There will be no bids/asks on this product.

Closing Prices (Category Code U, Range Indicator C) will not be transmitted for this product.  There will be no closing prices for this product.

Prior Day Volume and Open Interest Category Code I) will be transmitted Monday through Friday at the usual time of approximately 6:50 a.m.

Estimated Volume (Category Code I), Session Summary (Category Code J) and High/Low Prices (Category Code H) will be transmitted after 3:15 p.m. Central Time each Wednesday.

Do not expect to see market data on days other than indicated above.

If you have any questions concerning this memo, please contact:

Marilee Radecki                      mradecki@cme.com              312.930.8193

Lisa Amato                              lamato@cme.com                  312.338.2654

Thank you.