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Chicago Mercantile Exchange Inc. Announces Further Details Of Plans To Re-Open Trading Of Equity Index Products

Date 14/09/2001

Chicago Mercantile Exchange Inc. (CME) today announced further details of its plans to re-open trading of its equity index products.

If the U.S. securities markets re-open as planned on Monday, Sept. 17, CME will resume open outcry and electronic trading of its equity index products. Open outcry trading of CME's U.S. equity index futures will begin at 8:30 a.m. CST. On Monday, the September 2001 futures contract for all of CME's U.S. equity index contracts will serve as the lead contract month.

GLOBEX 2 electronic trading of CME's equity index products - the E-mini S&P 500 Index , E-mini Nasdaq-100 Index and FORTUNE e-50 Index - will begin at 8:15 a.m. to facilitate the orderly start of electronic trading in these products. There will be a pre-opening procedure permitting the placement of GLOBEX2 orders beginning at 7:45 a.m.

The decision to resume trading in these products was coordinated with other U.S. financial markets and regulatory agencies.

As it did on Friday, open outcry trading of CME's interest rate products will close on Monday at 1 p.m. CST, rather than the usual 2 p.m. closing, with foreign exchange products closing at 2 p.m. as usual. Also as it did on Friday, GLOBEX2 electronic trading of interest rate and foreign exchange products will conclude at 2 p.m. CST on Monday. CME's commodity products will trade at their usual times on Monday.

CME has established a recorded telephone line for information about CME's markets and business operations: 312/930-2324. The recording will be updated as there are new developments. News releases and updates are also posted on CME's Web site, www.cme.com.