CBOT Board Approves July 20 As Launch Date For CBOT Dow JonesSM Transportation, Utility, And Composite Average Futures

The Chicago Board of Trade (CBOT®) today announced that the Board of Directors approved July 20th as the launch date for futures contracts on the Dow Jones Transportation AverageSM, the Dow Jones Utility AverageSM, and the Dow Jones Composite AverageSM. Contracts on the Dow Jones Transportation AverageSM and the Dow Jones Utility AverageSM have received regulatory approval. Contracts on the Dow Jones Composite AverageSM are pending regulatory approval.

CBOT Chairman David Brennan said, "While trading futures instruments based on the Dow Jones Industrial AverageSM, the world's leading equity index, provided a watershed of trading opportunity for CBOT membership, I am confident that these new futures will provide additional risk management opportunities for our members and customers."

CBOT Interim President/CEO Dennis Dutterer said, "Our members and customers have made CBOT® Dow Jones Industrial AverageSM futures and futures options a success. We are committed to providing the most efficient markets possible so that futures contracts based on the Dow JonesSM Transportation, Utility, and Composite Averages will be an even greater success."

Futures on CBOTâ Dow JonesSM Transportation, Utility, and Composite Averages will commence trading at 9:00 a.m. on July 20, 2000.

Futures contracts on the entire CBOT Dow JonesSM complex will trade from 7:20 a.m. to 3:15 p.m. (Central Time).