Uniphase Chairman To Ring Bell Opening E-Mini Nasdaq 100 Futures Trading On CME June 21 At 9 a.m.

Kevin N. Kalkhoven, Chairman and Chief Executive Officer of UniphaseCorporation (Nasdaq: UNPH)-one of the newest Nasdaq 100 component stocks-will ring the bell opening trading on the Chicago Mercantile Exchange's (CME) E- mini Nasdaq 100 Index® futures on Monday, June 21, at 9 a.m. (Central time). "With volume and open interest in our standard-sized Nasdaq 100 futures setting records in the past several days, anticipation of the E-mini Nasdaq 100 couldn't be greater," CME Chairman Scott Gordon said. "Beginning June 21, investors large and small will be able to gain exposure to many of the hottest Internet and technology companies, such as Uniphase, with a single trade." Uniphase Corporation is an optoelectronics company based in San Jose, CA, that designs, develops, manufactures and markets fiber optic telecommunications components, modules and lasers. The company, which joined the Nasdaq 100 on May 4, has a market capitalization of nearly $13 billion. Sized at $20 times the Nasdaq 100 Index price, the underlying value of the CME's E-mini Nasdaq 100 futures is one-fifth that of its regular Nasdaq 100 futures contract. At recent market levels, the E-mini Nasdaq 100 futures contract would be valued at approximately $42,000. The existing Nasdaq 100 futures contract has an underlying value of $100 times the index, currently valued at approximately $210,000. E-mini Nasdaq 100 futures contracts will trade electronically on the Merc's GLOBEX®2 system virtually 24 hours per day, from 3:45 p.m. until 3:15 p.m. the following day. The new product builds on the success of the Merc's popular E-mini S&P 500 futures, now the exchange's third most heavily traded futures contract. Trading hours for E-mini S&P 500 futures and options will be modified to begin at 3:45 p.m. to be consistent with after-hours trading hours for all equity index products beginning June 21. Orders for the new product may flow through a variety of electronic routing systems, including the Internet, member firms' proprietary systems, and the Merc's TOPS system. Like the E-mini S&P 500, the E-mini Nasdaq 100 contracts will trade via a combination of electronic and open outcry pit trading. Large orders for more than 30 E-mini Nasdaq 100 contracts trade via open outcry on an All-Or-None basis, just as with the CME's E-mini S&P 500 futures. The smaller contracts will be "fungible" with the larger ones in that positions in the smaller contract may be offset by trading against an equivalent dollar-value of standard- size Nasdaq 100 futures and vice versa. A special E-mini Nasdaq 100 "pit" outfitted with GLOBEX2 workstations will debut adjacent to the current Nasdaq 100 pit to accommodate traders on the floor. The CME's September 1997 launch of E-mini S&P 500 futures and options revolutionized index futures trading, at a time when electronic and Internet trading began to thrive. At the same time, market savvy investors who make their own trading decisions were poised to use futures and options to manage the risk of their equity portfolios or to use index futures as a vehicle for allocating assets. Average daily volume in the Nasdaq 100 has grown since its 1996 launch from 2,000 contracts to nearly 12,000 month-to-date. The CME is the world's leading exchange for equity index futures, offering the largest, most comprehensive family of stock index futures and options, including the S&P MidCap 400, Russell 2000 and Nikkei 225 and the S&P 500/BARRA Growth and Value Indexes, in addition to the S&P 500 and Nasdaq 100. The Merc has established an E-mini Nasdaq 100 Resource Center on its website, at http://www.cme.com/e-nasdaq/ including links to a current list of component stocks and a variety of trading resources. The CME also has received regulatory approval to trade E-mini Nasdaq 100 options. Only the futures contracts will be listed initially, however.