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<b>
Information Circular IC 00-80
<p>
 
Date: Members and Member Organizations<br>
To: CBOE Business Development Division <br>
From: August 3, 2000<br>
Re: Launch of CBOE Mini-NDX (MNX) Index Options on August 14</b>
<p>
The CBOE plans to begin trading of the CBOE Mini-NDX (MNX<sup>SM</sup>) Index Options on August 14.
<p>
The CBOE Mini-NDX (MNX) has a price based on 1/10 the value of the Nasdaq-100® (NDX) index.  So, for example, if the NDX index is at 3600, the MNX will be 360.  MNX index options have a multiplier of 100, thus, if the MNX price level is 360, an investor could consider hedging $36,000 of equity exposure with one MNX options contract.  
<p>
The Nasdaq-100 is a modified capitalization-weighted index composed of 100 of the largest non-financial securities listed on the Nasdaq Stock Market.  In the past year investors have shown great interest in index products based on the Nasdaq-100 index.   
<p>
Wolverine Trading, L.P. has been selected to be the Designated Primary Market Maker (DPM) in MNX index options.   The MNX options will be traded in the pit that also trades the S&P 100 (OEX) and Dow (DJX) contracts. 
<p>
This month the CBOE plans to launch a targeted marketing campaign (with, e.g., website and print advertising, literature, direct mail, mass e-mail, and calling programs) designed to stimulate interest in the MNX and other CBOE index products. 
<p>
For more information, please visit the website at www.cboe.com/mnx, or call Matthew Moran, VP, CBOE Business Development, at 312 786-7249.

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