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KCBT Lowers Value Line® Fees For Electronic Trade - KCBT Electronic Trading To Launch December 12, Value Line Fees Temporarily Reduced

Date 09/12/2004

Kansas City Board of Trade electronic trading begins this Sunday, December 12, at 7:15 p.m. CT for the KCBT Value Line® stock index futures contract and 7:32 p.m. CT for Hard Red Winter Wheat futures. The KCBT® wheat futures and options contracts will continue to be traded by open outcry during regular trading hours, while Value Line will be traded exclusively on the electronic trading platform.

In conjunction with the launch, the KCBT will be temporarily reducing non-member exchange contract fees for Value Line to $1.00 per contract until May 31, after which the regular fee of $1.70 will be reinstated. Exchange fees are listed at KCBT Contract Fees.

The KCBT Hard Red Winter Wheat futures contract will continue to trade by open outcry from 9:30 a.m. CT to 1:15 CT Monday through Friday. It will trade electronically from 7:32 p.m. CT to 6:00 a.m. Sunday through Friday. No Friday or Saturday evening sessions will be held. The KCBT Hard Red Winter Wheat options contract will continue to trade by open outcry from 9:30 a.m. to 1:25 p.m. and will trade electronically from 7:34 p.m. CT to 6:00 a.m. CT. Sunday through Friday. No Friday or Saturday evening sessions will be held.

With the onset of electronic trading, the KCBT Value Line stock index futures contract will only be offered for trading electronically, from 7:15 p.m. to 3:15 p.m. CT Sunday through Friday. No Friday or Saturday evening sessions will be held. The Value Line stock index options contract will also trade by electronic trading only, from 7:17 p.m. CT through 3:15 p.m. CT Sunday through Friday. No Friday or Saturday evening sessions will be held.

The Chicago Board of Trade (CBOT®) is hosting the KCBT futures and options contracts on its e-cbot® electronic trading platform powered by LIFFE CONNECT®.

The Kansas City Board of Trade, chartered in 1876, is the world's largest futures market for hard red winter wheat.