NYFE Changes Time To Conduct Fair Settlement Value

The New York Board of Trade (NYBOT®) announced today that effective December 31, 2001, the New York Futures Exchange, Inc. will close its domestic stock index futures markets on the last trading day of every month at 4:15 p.m. New York Time and settle such contracts at fair value. The change in time is consistent with the same change made by the Chicago Mercantile Exchange.

The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges and their subsidiaries and divisions NYBOT offers an expanding range of agricultural, currency and index products. Information about the New York Board of Trade can be found at www.nybot.com.