CBOT Dow News & Highlights: February 17, 2004 - New Dow<SUP>SM</SUP> Products Off To A Great Start

Even though it has only been trading for a few days, the bid-offer spreads on CBOT® mini-sized Dow^SM options are tighter and have greater quantities than comparible index options. mini-sized Dow options are 100% electronically traded and are available for trading 21 hours per day. You will see:

Average at-the-money bid-offer spread: 6 ticks
Average size at the bid & offer: 200 contracts

CBOT TMI Futures traded in its first week with bid/ask spreads ranging from .05 - .15 (1-3 ticks) normally 4 levels deep. The large contract size (approx. $135,000) and 100% electronic market provides you with the opportunity to trade the total U.S. Stock market efficiently.