CBOE Futures Exchange Launches Two New Contracts - Futures On CBOE NASDAQ-100 Volatility Index and CBOE Russell 2000 Volatility Index Began Trading Today

CBOE Futures Exchange (CFE) announced that it has launched two new volatility index futures contracts on the CBOE Nasdaq-100 Volatility Index (ticker symbol VXN, futures symbol VN) and the CBOE Russell 2000 Volatility Index (ticker symbol RVX, futures symbol VR), beginning today, July 6, 2007, under licensing agreements with The Nasdaq Stock Market, Inc. and The Russell Investment Group.

These new contracts expand the suite of volatility contracts offered exclusively at Chicago Board Options Exchange (CBOE) and CFE, which includes options and futures on the CBOE Volatility Index (VIX), futures on the CBOE DJIA Volatility Index (VXD), CBOE S&P 500 3-month Variance (VT) futures and CBOE S&P 500 12-month Variance (VA) futures.

"Volatility is now widely recognized as an independent asset class, and we are extremely pleased to offer volatility contracts on the four most widely-followed benchmarks," said CBOE Chairman and CEO William J. Brodsky. "By working with the index providers, we are able to offer investors and portfolio managers a wide range of volatility trading opportunities and the ability to manage risk of specific portfolios."

"CFE has quickly become known as the Volatility Exchange, and we are excited to further expand our product line-up with these important indexes," said CFE Managing Director Andrew Lowenthal. "All of CFE's Volatility and Variance products offer the convenience and ease of execution that exchange-traded products provide, including transparency, standardized terms, and the backing of a triple-A rated clearing house, improving the ability of all investors to effectively trade and manage volatility risk."

CBOE Volatility Indexes are designed to reflect investors' consensus view of expected volatility over the next 30 days in the respective underlying indexes, and as such, can be used as a benchmark of investor sentiment. CBOE Volatility Indexes are derived from options prices of each index traded at CBOE. For more information on methodology, historical data and charts, please visit http://www.cboe.com/IndexSites or http://www.cboe.com/VIX.