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CBOT And Eurex: Responding To Customer Demands - Additional Trading Hours Added To The a/c/e Platform

Date 02/10/2000

Responding to customer demands for more trading opportunities in the Asian time zone, the Chicago Board of Trade and Eurex today announced the expansion of trading hours for the electronic trading platform a/c/e, alliance/cbot/eurex. Market users can begin trading CBOT products on the new schedule on October 15, 2000.

The new operating hours on a/c/e for financial products will be 8:00 p.m. to 4:00 p.m. Previously, the hours of operation were 10:00 p.m. to 4:00 p.m. The new hours on a/c/e for agricultural products will be 8:30 p.m. to 6:00 a.m. Previously, the hours of operation were 10:10 p.m. to 6:00 a.m.

CBOT Interim President and CEO Dennis Dutterer said, "The CBOT is built on a long-standing commitment to customer service. We take pride in the fact that we listen to our customers, and then respond to their needs effectively. Through ongoing communication with the users of our markets, and an unwavering desire to broaden the access to all of our products on the world's premier electronic trading system - we are pleased to serve our market users with expanded trading hours on a/c/e."

Eurex CEO Joerg Franke commented: "The high trading volumes we have seen on the a/c/e platform since its launch at the end of August should further increase through the impact of the longer trading hours. We should see another boost in the market share of the electronic trading platform with the second wave of members getting connected to the system by the end of the year."