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NYBOT To Offer Groundbreaking Ethics Classes

Date 22/02/2005

The New York Board of Trade® (NYBOT®) announced today the development of the first and only online ethics course specifically designed for futures exchanges.

NYBOT partnered with Exchange Analytics Inc., the premier provider of Internet-based, interactive ethics and compliance training courses for the futures industry, to develop an ethics training course specifically designed for the New York Board of Trade. The NYBOT will require all its members and their floor personnel to complete the course.

“We recognize that professional ethical standards are the foundation of our business,” said NYBOT Senior Vice President Joseph J. O’Neill. “We also believe that a proactive approach by our exchange is in the best interests of the entire futures industry as well as our members and customers.”

Exchange Analytics Inc. President Larry Israel said, “We applaud the NYBOT for their leadership in the ethics arena. It is more important than ever to strive for the highest ethical standards. We have constructed the leading compliance courses which fully meet the Commodity Futures Trading Commissions’ Statement of Acceptable Practices criteria. Our goal is to provide the highest quality, most relevant and convenient training available.”

Exchange Analytics Inc. Has provided more than 100,000 courses to registrants in both the futures and securities industries for nearly a decade. Exchange Analytics Inc.'s corporate clients include many of the world's largest and most respected brokerage firms, primary dealers, global banks and exchanges.

The company was co-founded by Larry Israel in 1995. Larry Israel is the chief author of Exchange Analytics Inc. Ethics training courses and a former floor broker and trader. He has been a member of the Chicago Board of Trade for more than 25 years and is an adjunct lecturer at Northwestern University.

For more information about Exchange Analytics Inc., log onto Exchange Analytics Inc. Website at www.xanalytics.com.

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 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.