JADE Announces First Asian-Based Commodity Derivatives Futures Contract - Electronic Exchange Also Unveils Corporate Identity, Launches Website

Joint Asian Derivatives Exchange (JADE), a joint venture between the Chicago Board of Trade (CBOT?) and Singapore Exchange (SGX), today announced that pending approval from the authorities, its first Asianbased commodity derivatives product to trade on the all electronic Exchange will be a Natural Rubber futures contract. The rubber contract will be based on a natural rubber grade called Technically Specified Rubber 20 (TSR 20) and is on target to launch in the third quarter of 2006.

"We're pleased to officially introduce JADE's first futures contract and we look forward to bringing more Asian commodities to market," said JADE Managing Director Mr Chong Kim Seng. "With the speed and convenience offered by the CBOT electronic trading platform and the excellent clearing services and sound regulatory infrastructure provided by SGX, JADE represents an outstanding opportunity for market participants."

The joint venture company will continue to research and develop new commodity contracts that deliver the greatest value to market participants. Additional details on new futures products are forthcoming.

As part of its roll-out plan, JADE is also pleased to present its corporate logo, which consists of integrated marks from both founding exchanges (Please refer to Annex 1). The JADE logo symbolizes the close cooperation between the CBOT and SGX. The new exchange was formed to expedite development of the Asian based commodity derivatives market for the benchmarking, price discovery and risk management of Asian-based commodities.

JADE also announced today the launch of the Exchange’s website, available at www.jadeexchange.com.