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NYBOT Board Votes To Begin Demutualization Process

Date 28/04/2006

The Board of Governors of the New York Board of Trade® (NYBOT®), the world’s leading “soft” commodity exchange, voted today to begin the process of demutualization. The Exchange is currently a member-owned organization with not-for-profit status.

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.