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CME Revises Launch Schedule For S&P SPCTR<sup>™</sup> Futures

Date 29/08/2002

Chicago Mercantile Exchange Inc. (CME) today announced that the launch date for Energy SPCTR futures will be announced pending regulatory approval for the product. CME's new Financial and Technology SPCTR futures will begin trading on Monday, Sept. 23 at 8:30 a.m. (Central time), as previously announced.

The new contracts will be the first S&P 500 sector indexes to trade on a futures exchange. The contracts, sized at $125 times the respective index price, will trade on CME's GLOBEX® electronic trading platform.

The S&P 500 sector indexes are subsets of the benchmark S&P 500 Stock Price Index, which has traded on CME since 1982. The 10 sector indexes of the S&P 500 include Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Industrials, Information Technology, Materials, Telecommunication Services and Utilities.

The indexes are capitalization-weighted, with Technology representing 90 companies classified as part of either the Information Technology or Telecommunication Services sectors of the S&P 500, while the Financial Sector Index is composed of 80 equities and the Energy Sector Index is composed of 24 equities. The S&P 500 Sectors futures contracts will follow the Global Industry Classification Standard (GICS), developed jointly by Standard & Poor's and Morgan Stanley Capital International.

Regular trading hours on GLOBEX will be from 3:45 p.m. Monday through Thursday (5:30 p.m. on Sundays and holidays) until 3:15 p.m. the following day. (All times are Central time.) The minimum tick size will be 0.10 index points equal to $12.50.

Chicago Mercantile Exchange Inc. ( is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. As an international marketplace, CME brings together buyers and sellers on its trading floors and virtually around the clock on its GLOBEX electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves about $1.5 billion per day in settlement payments and manages $27.1 billion in collateral deposits. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc.