"
"These new enhancements will greatly increase execution efficiency and
flexibility for trading CME Eurodollars electronically," said Robin Ross,
Managing Director, CME Interest Rate Products.

2 billion in deposits for non-CME products.

Statements in this news release that are not historical facts are forward-
looking statements.gov .

NASD Investor Education Foundation Announces 2005 Grant Cycle

hedgers fundamental

CME Eurodollar futures are the world's most actively traded futures
contract and serve as a benchmark for investors worldwide.85 million contracts, trade on
the CME Globex electronic trading platform. interest rates. Solicits Proposals for Research and Education Programs for Investors

WASHINGTON, The NASD Investor Education Foundation
launched its second full grant cycle today, formally inviting non-profit
groups and researchers to apply for funding for projects that will help
provide investors with high quality, easily accessible information and tools
to better understand investing and the markets. Grant proposals must be
submitted by June 3, 2005.
The Foundation is particularly interested in funding projects that address
priority areas identified by NASD's 2003 Investor Survey. Glauber, who also serves as NASD's Chairman and CEO. Well-educated
investors are better prepared to make the right choices from the start.

* Encourage women to take control their financial futures.

* Advance practice, policy and thought in the fields of investor
education and investor protection.

grain historical

S.
In addition to this general cycle, the Foundation is developing at least
two targeted grant programs, each designed to address a specific priority
areas.

business fundamental

"Our commitment to further grow our electronic options volume and deliver
on our business strategy remains strong, and this new functionality will
provide additional liquidity, transparency and price discovery to the
electronic CME Eurodollar options market," said Rick Redding, Managing
Director, Products and Services for CME."
In January 2006, CME Eurodollar futures traded on CME Globex accounted for
a monthly record percentage of 84 percent of total CME Eurodollar futures
volume. CME Eurodollar options are the
most actively traded exchange-listed interest rate options in the world,
trading an average of over one million contracts per day in 2006 .6 billion in collateral deposits
at December 30, 2005, including $3.

* Better prepare Americans of high school and college age who are just
starting out as investors. The first , which is accepting proposals until April 13, is focused on
helping first-time investors set financial goals and plan for retirement. The
second, scheduled to begin in May 2005, will address the critical issue of
improving disclosure to investors. This
information is distributed through its Web site , http://www.

latest grain

"We have significantly
expanded electronic trading over the past two years of CME Eurodollars , and
our continued technology improvements expand the trading of short-term
interest rate products where users primarily trade complex spreads. CME offers futures and options on futures
primarily in four product areas: interest rates, stock indexes, foreign
exchange and commodities. These statements are not guarantees of future performance
and involve risks, uncertainties and assumptions that are difficult to
predict. NASD's research indicates that these
groups tend to have a weaker understanding of fundamental financial issues."

Of particular interest to the Foundation in 2005 are projects that:

* Better prepare older Americans for handling their finances during
retirement . For details about grant programs and other new initiatives of the
Foundation, visit http://www .

hedgers latest

The vast majority of CME Eurodollar futures,
representing average daily volume in 2006 of 1.

Chicago Mercantile Exchange Inc.
"Investor education is where investor protection begins.

* Encourage Americans to implement steps to achieve basic retirement
security and avoid investing pitfalls.com, printed
materials and Investor Forums.

tendencies seasonal

CME Enhances Electronic Trading Functionality for CME(R) Eurodollars

CHICAGO, To meet increasing global
demand for electronic trading, CME, the world's largest and most diverse
financial exchange, announced today that effective Sunday, February 19, 2006,
for trade date Tuesday, February 21, it will launch several technology
enhancements for trading CME(R) Eurodollar futures and options on futures on
CME Globex(R), the exchange's electronic trading platform. "Market maker protections and top
order allocation will encourage tighter and deeper markets, and the additional
spread types will make it easier for customers to execute complex trading
strategies electronically. Launched in 1981,
CME Eurodollar futures , which track three-month LIBOR (London Interbank
Offered Rate), were the first futures product to be settled in cash, rather
than physically delivered. ( http://www.com ) is the world's
largest and most diverse financial exchange. Further information
about CME and its products is available on the CME Web site at
http://www.

* Encourage investors to check the backgrounds of financial
professionals prior to doing business with them.

grain latest

The enhancements, which build on those launched in August 2005 when CME
integrated its Enhanced Options System (EOS) onto the CME Globex platform,
include:

-- A Top Order Allocation, which is an improved order algorithm that
gives preference to options traders who augment the market with
tighter bids and offers;
-- Market maker protections allowing options market makers to post more
prices and better size orders;
-- Automated Request for Cross (RFC) to automate and simplify procedures
for trades which involve a pre-execution discussion;
-- Additional spread strategy functionality for CME Eurodollar futures
and options on futures; and,
-- Expanded implied functionality for CME Eurodollar futures and pack
spreads.cme. As an international marketplace,
CME brings together buyers and sellers on CME Globex electronic trading
platform and on its trading floors. The Foundation recently awarded more than $1
million in total to 11 organizations for new educational programs and research
projects targeting the underserved segments of the population. NASD's broad range of investor education programs include
Investor Alerts , brochures and online resource guides on such critical topics
as mutual fund class shares and 401 (k) and college savings plans.

futures commodities

sec. We
look forward to funding grant proposals that demonstrate effective ways of
developing and distributing information investors can use to enter the markets
with confidence and secure their financial futures. In considering grant
requests, the merits of the proposed project will be the primary focus.
The NASD Investor Education Foundation, established in 2003, supports
educational programs and research with the goal of providing investors with
high-quality, easily accessible information and tools to better understand
investing and the markets. The
Foundation 's grant initiatives complement NASD's own investor education
efforts.

research latest

Therefore, actual outcomes and results may differ materially from
what is expressed or implied in any forward-looking statements .

Chicago Mercantile Exchange, CME, the globe logo and CME Globex are
registered trademarks of Chicago Mercantile Exchange Inc.cme.
"Investors need more and better information.nasd.

speculators grain

With the
implied spreading technology being implemented we will now link outright CME
Eurodollar Pack markets with Pack spread markets. More detailed
information about factors that may affect our performance may be found in our
filings with the Securities and Exchange Commission, including our most recent
Quarterly Report on Form 10-Q, which can be obtained at its Web site at
http://www.nasdfoundation .

speculators research

On January 27, CME Eurodollar options volume on CME Globex reached a
daily record of 183,672 contracts , representing 18 percent of the total
Eurodollar options volume for that day. Their
liquidity provides traders and hedgers an opportunity to take advantage of
their views on the direction of U. The exchange moved about $1.
CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information, future
events or otherwise.com . Our Foundation is committed
to finding new and innovative ways to meet that need," said Foundation
Chairman Robert R.org.

fundamental guides

4 billion per day in
settlement payments in 2005 and managed $45.
(NYSE, Nasdaq: CME), which is part of the Russell 1000(R) Index.

CME-G

The Foundation has set no minimum or maximum for the number of grants to
be funded or for the amounts of the grant awards . NASD believes that understanding should
precede investing -- and that education is often the best form of investor
protection.

investing hedgers

Those priorities
include improving and expanding educational resources available to underserved
segments of the investing population -- particularly first-time investors ,
young adults, women and the elderly.
Generally, projects should be neither less than 12 months nor more than 24
months in duration.

NASD is the leading private-sector provider of financial regulatory
services, dedicated to investor protection and market integrity through
effective and efficient regulation.