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Nasdaq Liffe Markets Has Exchange Rulebook Approved By The CFTC - First Security Futures Exchange Publishes Rulebook

Date 06/09/2002

Nasdaq Liffe Markets, LLC (NQLX) yesterday announced the publication of its rulebook, which contains trading, governance, and other rules recently approved by the Commodity Futures Trading Commission (CFTC). With the publication of its rulebook, NQLX becomes the first security futures exchange to unveil its rules that will govern trading, membership, operations, and enforcement on the exchange. The rulebook can be viewed at: www.nqlx.com/rules.

Tom Ascher, chief executive officer of NQLX, said, "Nasdaq Liffe Markets is a new breed of exchange and our rulebook reflects that. Without traditional seats and their associated interests, NQLX was able to create a market structure and adopt rules that foster competition and benefit all market participants."

NQLX is a fully electronic, federally regulated exchange formed as a joint venture between The Nasdaq Stock Market Inc.® and LIFFE (London International Financial Futures and Options Exchange). It will initially list single stock futures on the largest U.S. companies through LIFFE's electronic trading platform, LIFFE CONNECT™. For more information on NQLX, visit: www.nqlx.com.

NQLX contract listing standards and the customer margin rules are awaiting review and publishing by the SEC.