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CME Appoints Brady, Osten To Products & Services And Marketing Posts

Date 18/01/2006

CME, the world’s largest and most diverse financial exchange, today announced that it has appointed Neal Brady as Director, Products & Services and Gail Osten as Director, Market Education. 

Brady, 40, will be responsible for working with the CME products and services team to integrate long-term business strategies in technology planning and execution.  He reports to Rick Redding, Managing Director, Products & Services. 

A consultant to CME since 2004, Brady previously was Chief Executive Officer and managing Board Member of Liquidity Direct Technology, a trading software company he co-founded in 2000 and which CME acquired in January 2004.  He formerly served as head of the business strategy team for The Chicago Board of Trade (CBOT) – Eurex global electronic trading alliance (a/c/e), where he was responsible for pricing, distribution and market data strategy.  He has also served as the lead adviser to the CBOT’s strategy and international relations department, as Senior Director, Marketing and Product Development for CME, and as an investment officer at the International Finance Corporation – World Bank’s Telecommunications Division.  Brady earned a bachelor’s degree in government from Harvard University, an MBA degree from Columbia Business School and master’s in International Affairs from Columbia University’s School of International and Public Affairs.  He is a founding member of the DBQ Company, a leading document-based educational publisher.

Osten, 56, will be responsible for the strategic development and execution of all CME education programs for market users and employees around the world.  These education programs will range from high visibility, international educational events to state-of-the-art online learning experiences, all targeted to current and potential customers.  She reports to John Roberts, Managing Director & Chief Marketing Officer.

Osten has over 30 years of experience in financial services marketing and communications, including 17 years in the marketing area of CME.  She most recently served as Executive Editor and Editor-in-Chief of Stocks, Futures and Options Magazine.  Osten previously served as a marketing consultant to NASDAQ LIFFE Markets; Senior Vice President, Public Relations and Marketing for Transwestern Group, a commercial real estate firm; and Director, Public Relations for MidAmerica Commodity Exchange.  She began her career as a writer at The Chicago Board of Trade, and earned a bachelor’s degree in journalism from Northern Illinois University. 

Chicago Mercantile Exchange Inc. (www.cme.com) is the world’s largest and most diverse futures exchange.  As an international marketplace, CME brings together buyers and sellers on CME Globex electronic trading platform and on its trading floors.  CME offers futures and options on futures primarily in four product areas:  interest rates, stock indexes, foreign exchange and commodities.  The exchange moved about $1.4 billion per day in settlement payments in the first three quarters of 2005 and managed $43.8 billion in collateral deposits at September 30, 2005, including $3.8 billion in deposits for non-CME products.  CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, NASDAQ: CME), which is part of the Russell 1000® Index.

Chicago Mercantile Exchange, CME and Globex are registered trademarks of Chicago Mercantile Exchange Inc.  Other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license. <