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NYBOT Announces The Appointment Of Charles H. Falk As Acting President And CEO

Date 11/04/2002

The New York Board of Trade (NYBOT®) announced today the appointment of Charles H. Falk, NYBOT's Chairman, to the position of acting President and CEO, effective immediately. Mr. Falk replaces NYBOT's President and CEO Mark D. Fichtel.

"The New York Board of Trade appreciates the achievements of Mark Fichtel," said Mr. Falk. "Mark has made a significant contribution to the exchange and we wish him the best in his new endeavors."

The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges and their subsidiaries and divisions, NYBOT offers an expanding range of agricultural, currency and index products. Information about the New York Board of Trade can be found at www.nybot.com.