SFE Individual Share Futures Market Enhancements

SFE is introducing a series of market driven enhancements to its Individual Share Futures market that seek to increase trading opportunities and improve liquidity. Specifically, SFE is introducing eleven new Individual Share Futures contracts, is appointing three Official Market Makers, and is changing the trading hours to bring them into line with the underlying physical market.

Eleven New Individual Share Futures

Effective 11 July 2002, SFE will list a further eleven Individual Share Futures broadening the range of trading opportunities for SFE Participants and their clients.

The new and existing SFE Individual Share Futures Contracts are shown below:

New Individual Share Futures	Existing Individual Share Futures
AMP Limited	Ansell Limited
Brambles Industries Limited	Australia & New Zealand Banking Group Limited
Coles Myer Limited	Broken Hill Proprietary Limited
Commonwealth Bank of Australia Limited	Foster's Brewing Group Limited
Qantas Airways Limited	MIM Holdings Limited
St George Bank Limited	National Australia Bank Limited
Telstra Corporation Limited (Deliverable)	News Corporation Limited
Wesfarmers Limited	Rio Tinto Limited
Westfield Holdings Limited	Telstra Corporation Limited (Cash Settled)
Woodside Petroleum Limited	Westpac Banking Corporation Limited
Woolworths Limited	Western Mining Corporation Limited

Introduction of Official Market Makers

SFE is pleased to announce the appointment of Optiver Australia Pty Ltd, Timber Hill Australia Pty Ltd and UBS Warburg Australia Equities Ltd as Official Market Makers in SFE's Individual Share Futures. Official Market Makers will make continuous two-way markets within a defined bid/offer spread, in the first two quarterly contracts for all deliverable Individual Share Futures, and the first six months for all cash settled Individual Share Futures. The Introduction of Official Market Makers will increase the ability to establish/close out positions with greater confidence, improve on-screen price discovery, encourage tighter bid/offer spreads and promote deeper markets.

Change to Individual Share Futures Trading Hours

The day session trading hours will be changed from 9:50am- 4:30pm to 9:50am- 4:00pm. No adjustment will be made to the trading hours of the night session at this time. These changes will bring Individual Share Futures trading hours into line with the underlying physical market and increase the integrity of daily settlement prices.