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Russell 2000 Index Options To Begin Trading On CBOEdirect

Date 13/12/2001

The Chicago Board Options Exchange® (CBOE®) today announced that on Friday, December 14, 2001, options on the Russell 2000® Index (RUT) will begin trading on CBOEdirectTM, the exchange's new screen-based trading platform.

The Russell 2000 Index options become the second product available for extended trading hours on CBOEdirect, as the system's gradual expansion continues. CBOEdirect debuted on October 26, 2001 with trading of options on the Dow Jones Industrial AverageSM Index (DJX). In upcoming weeks, options on the S&P 100® Index (OEX®& XEOSM) will be made available for trading as well.

CBOEdirect operates from 7:00 a.m. to 8:15 a.m., prior to the opening of regular trading, which begins at 8:30 a.m. (Chicago time).

CBOEdirect actually replicates CBOE's trading floor on a screen, with liquidity providers making two-sided, continuous markets. An unprecedented technological achievement, CBOEdirect provides access to the entire options universe on a screen-based system.

SLK-Hull Derivatives, LLC is participating as the Designated Primary Market Maker (DPM) for the platform's extended trading hours session in the Russell 2000 Index options.

CBOE, the world's largest options marketplace and creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at http://www.cboe.com.