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Nasdaq Liffe Markets Statement On SEC Decision On Margin Rules

Date 25/07/2002

Issued on July 24

"Nasdaq Liffe Markets, LLC (NQLX) congratulates the Commodity Futures Trading Commission and the Securities and Exchange Commission on the completion of customer margin rules for single stock futures. We applaud the extraordinary joint effort by the staff of both agencies in effectively fashioning rules that overcome complex legal and operational hurdles. Our member firms have been testing in our production system on LIFFE CONNECTTM for several months; many are ready for live trading. We are now consulting with our market participants and their service providers to determine the earliest possible launch date."

Tom Ascher, Nasdaq Liffe Markets, LLC Chief Executive Officer