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NASDAQ-100 Emini Futures

NASDAQ-100 Futures Exclusivity Agreement
12/27/07

NASDAQ-100 FuturesChicago Mercantile Exchange (NYSE: CME), the largest futures exchange in the U.S., and The Nasdaq Stock Market, Inc. (NASDAQ®; NASDAQ: NDAQ), today announced an expanded partnership to develop new derivatives contracts, including futures and options on futures contracts based on the NASDAQ Biotechnology Index®(NBI). The two markets also announced that they are extending by one year their exclusive joint agreement to offer NASDAQ-100® futures contracts at CME.

The new Emini NASDAQ Biotechnology Index futures contracts will be traded exclusively on the CME® Globex® electronic trading platform. These new contracts are the first futures designed specifically to hedge risk in the biotech sector.

The Emini NASDAQ Biotechnology Index futures will be based on the NASDAQ’s Biotechnology Index which includes over 150 components. NASDAQ also licenses an exchange traded fund (ETF) on the Biotech Index which maintains more than $1.1 billion in assets under management and averages more than 1.4 million shares per day. NASDAQ has licensed options on the Biotech Index and its ETF.

The NASDAQ Biotech Index contains companies that are classified according to the FTSE Global Classification System as either biotechnology or pharmaceutical and also meet other eligibility criteria. It is calculated under a modified capitalization-weighted methodology.

The Emini will be sized at $50 times the NASDAQ Biotechnology Index, or approximately $32,500 at current index levels, and will have a tick size of .10 index points or $5.00. The contracts will trade on the CME Globex electronic trading platform Monday through Thursday from 3:30 p.m. to 3:15 p.m.; and from 5 p.m. to 3:15 p.m. on Sunday and holidays.

In addition to the emini futures and the NASDAQ-100 futures, CME also offers smaller-sized emini NASDAQ-100 futures and options as well as E-mini NASDAQ Composite Index® futures. E-mini NASDAQ-100 futures are among the most actively traded futures contract in the world. CME traded an average daily volume of 340,000 E-mini NASDAQ-100 futures. So far in April, the average daily volume is more than 350,000 contracts, representing more than $10 billion in notional value. CME introduced options on the Emini NASDAQ-100.

With approximately 3,400 companies, NASDAQ lists more companies and trades more shares than any other U.S. market. It houses businessess that are leaders across all areas of business including technology, retail, communications, financial services, media and biotechnology. For more information, visit the NASDAQ Web site.

Chicago Mercantile Exchange Inc. is the home of the emini and the largest futures exchange in the United States. CME brings together buyers and sellers on CME Globex electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves about $1.8 billion in payments and managed $44.4 billion in collateral deposits.