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-To: comdytrd@xxxxxxxxxxxxx <comdytrd@xxxxxxxxxxxxx>
Date: Friday, September 10, 1999 11:39 AM
Subject: Eurex
The following press release was distributed to the media today:
Buergenstock, Switzerland - Sept. 10, 1999
Leaders from the Chicago Board of Trade and Eurex announced today in
Buergenstock, Switzerland, that they have successfully completed their
discussions and final contracts for their alliance will be signed within a
few days.
This announcement follows two days of face-to-face discussions, at which all
parties agreed on the terms of the alliance. The alliance partners will
jointly implement and operate the common CBOT-Eurex platform in Chicago.
The launch of that electronic market is scheduled for mid 2000.
Eurex CEO Joerg Franke said: "The alliance expresses the market
participants' desire which is to support trading as many markets as possible
from one screen."
CBOT Chairman David P. Brennan said: "The CBOT-Eurex alliance is on track
and we are moving forward."
CBOT President Thomas R. Donovan said: "The alliance is the right business
decision to allow our members to increase global trading opportunities."
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