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CBOT Wins Approval From Italian Financial Regulators

Date 04/08/2004

The Chicago Board of Trade (CBOT®) announced today that the exchange has received regulatory approval in Italy, now allowing customers in that country direct electronic access to CBOT agricultural, financial and equity markets via the exchange's premier electronic trading platform.

CBOT President and CEO Bernard Dan said, "We are very pleased that Italy is now one of twelve countries whose trading community is able to connect directly to the CBOT's highly liquid markets, including our flagship U.S. Treasury products, and receive access to the consistently tight bid/ask spreads offered by the exchange. The CBOT is committed to expanding global distribution of its products to meet customer demand. Further, providing electronic access to an increasing number of market users worldwide has helped to facilitate record high volume and open interest at the CBOT."

In addition to Italy, electronic access to CBOT markets currently is permitted in Belgium, Finland, Gibraltar, Hong Kong, Ireland, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, and the United Kingdom.

For more information on CBOT products, visit the exchange Website at www.cbot.com.