CBOT® To Launch Mini-sized DowSM Futures-Options And Dow Jones<SUP>SM</SUP> U.S. Total Market Index Futures Contracts On Evening Of February 9

On the evening of February 9, the Chicago Board of Trade (CBOT) will launch two new products, options on mini-sized Dow futures and futures on the Dow Jones U.S. Total Market Index (TMI); several firms have committed to assuming the role of primary market makers in both contracts.

The initial products to launch within CBOT's 2004 aggressive new product rollout, mini-sized Dow options and the Dow Jones U.S. TMI will trade exclusively on the exchange's electronic platform, and all exchange fees associated with trading the contracts will be waived through May 31, 2004.

Robert Ray, CBOT Senior Vice President of Business Development said, "We are excited about continuing our expansion of the Dow^SM product line, as well as our relationship with Dow Jones Indexes. The CBOT's two new Dow products are designed to build upon the success of the exchange's existing mini-sized Dow futures, which reached record volume levels already this year. We believe that the significant cost, margin and leverage advantages offered by the CBOT's new Dow products, combined with the commitments market makers have made, will appeal to a wide range of market users. The CBOT looks forward to the exchange's ongoing new product rollout of 2004, which will extend throughout the year."