JADE to Go 'Live' on September 25

Exchange to Launch Rubber Contract First Followed by Crude Palm Oil Futures Contract 


CHICAGO, and SINGAPORE, July 14  /PRNewswire/ -- Joint Asian Derivatives Exchange (JADE), a joint venture between Singapore Exchange (SGX) and the Chicago Board of Trade (CBOT), is pleased to announce that the Exchange will launch operations on September 25, 2006 and begin trading its first futures contract, TSR 20 Rubber, on the same day. This contract will be traded on the CBOT electronic platform and cleared by SGX Derivatives Clearing House.

Following TSR 20 Rubber, JADE aims to launch its second futures contract, crude palm oil (CPO) by fourth quarter of 2006. JADE has been working closely with market participants who have voiced a strong preference for a US dollar- denominated, physically-delivered CPO futures contract.

Said Mr Chong Kim Seng, Managing Director of JADE, "We are very excited to launch the first two JADE futures contracts, TSR 20 Rubber and CPO, before the end of this year.  Commodities have increasingly become a key growth area for Asia.  JADE will continue to develop commodity contracts to meet market demand, and to provide global market participants convenient and cost- effective access to Asian-based commodities. We believe that the active trading and easy access to JADE products will also facilitate price discovery and risk management in Asia."

  Notes

  About the Joint Asian Derivatives Exchange (JADE)


The Joint Asian Derivatives Exchange (JADE) is a Singapore-based, electronic commodities derivatives market under development by Joint Asian Derivatives Pte. Ltd., a joint venture of CBOT Holdings, Inc. and the Singapore Exchange. JADE is expected to commence operations by 2006 and leverage the CBOT's infrastructure, connectivity and global market participants and SGX's position as a leading Asian derivatives exchange.

The joint venture company will develop commodity contracts to be traded on JADE. The new products will be hosted on the CBOT electronic trading platform, powered by LIFFECONNECT(R). All trades will be cleared by the SGX Derivatives Clearing House. As a result of the CBOT's recent extension of their telecommunications network into Singapore, the new market will leverage the infrastructure and connectivity of the CBOT's global market participants in addition to those connected to Singapore Exchange Derivatives Trading Limited (SGX-DT). In the initial phase, JADE will be operated by SGX-DT under its existing license granted by the Monetary Authority of Singapore (MAS).

  For more information of JADE, please visit http://www.jadeexchange.com/

  Forward Looking Statement


In this release, our use of the words "may," "will," "should," "could," "expects," "plans," "anticipates," believes," "estimates," "predicts," "potential," or "continue" or other comparable terminology is intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in filings made by CBOT Holdings, Inc. with the U.S. Securities and Exchange Commission, which can be obtained at its web site at http://www.sec.gov/. We undertake no obligation to publicly update any forward- looking statements, whether as a result of new information, future events or otherwise. 

DATASOURCE: Chicago Board of Trade



CONTACT:  Jennifer Rook, Communications, CBOT [phone],

; John Gollifer, Corporate Communications, SGX, [phone],

; Joan Lew, Corporate Communications, SGX, [phone],

 



Web site:  http://www.cbot.com/

http://www.jadeexchange.com/ 

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