NYBOT Announces Changes To USDX EFP Transactions

The New York Board of Trade (NYBOT) announced today that effective Monday, July 26, 2004, amendments to its rules will be implemented to provide that Exchange For Physical transactions (“EFPs”), in the USDX futures contract may not be executed during Exchange trading hours in New York and Dublin.

In addition, the execution of USDX EFPs must be reported to the Exchange no later than fifteen (15) minutes after the very next trading session begins. For example, if two parties execute a USDX EFP at 1:00 a.m. (NY Time), they must report it within fifteen (15) minutes after trading resumes in Dublin which begins at 3:00 am (NY Time).

To view the new amendments, please visit the NYBOT website at www.nybot.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.