CME FX Sets Overall and CME(R) Globex(R) Volume Records

8, 2004 ."
Lee joins from AIG Financial Products, where he was global head of
currency options.

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gov .cme . today announced it has hired Don Lee as managing director, head
of foreign exchange derivatives for the Americas and global head of
foreign exchange exotics.

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The CME Swiss Franc futures contracts reached
a new electronic volume record, with 53,574 contracts trading yesterday and a
total combined floor and electronic trading record of 75,854 Swiss Franc
contracts. Last year, over 51 million
FX contracts with a notional value of over $6.

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futures
exchange and the largest regulated marketplace for foreign exchange (FX)
trading, set several FX volume records yesterday, including a new total FX
volume record of 748,050 contracts, representing $87 billion in notional
value , and surpassed the previous record of 679,700 futures and options
contracts traded achieved on Dec .3 billion.2 trillion traded at CME. Further information about CME and
its products is available on the CME Web site at http://www. is a financial services leader, serving
a wide-range of corporate and institutional clients.

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( http://www. The exchange moved about $1.

CME-G

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For first quarter 2005, CME FX averaged
a record 294,000 contracts per day, representing a notional value of
$37. CME offers futures and options on futures
primarily in four product areas: interest rates, stock indexes, foreign
exchange and commodities.3 billion in deposits
for non-CME products .

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A record-breaking 243,701 CME Euro FX futures contracts traded yesterday
representing a notional value of $37. CME
also set new records in its British Pound futures with 58,858 contracts traded
electronically and a total record for combined floor and electronic trading of
87,140 British pound contracts.sec.

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These statements are not guarantees of future performance
and involve risks , uncertainties and assumptions that are difficult to
predict.

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Chicago Mercantile Exchange Inc. He is recognized as one of the industry's leading
foreign exchange professionals having successfully spearheaded Goldman
Sachs' foreign exchange derivatives and e-commerce businesses prior to
moving to AIG in 2002.

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Chicago Mercantile Exchange, CME, the globe logo and CME Globex are
registered trademarks of Chicago Mercantile Exchange Inc.com .

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This broke the previous CME electronic FX volume
record of 401,941 contracts set on Dec.5 billion per day in
settlement payments in first quarter 2005 and managed $44.4 billion in
collateral deposits as of March 31, 2005, including $4. (NYSE, Nasdaq: CME), which is part of the Russell
1000(R) Index.

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S. 6, 2004. Wednesday's record
represents $55 billion in notional value.6 billion, approximately 75 percent of which was traded electronically on
the CME(R) Globex(R) electronic trading platform. Lee will be
responsible for developing HSBC 's foreign exchange derivatives
business across the Americas and for expanding HSBC's exotic product
profile and distribution globally. "We are
confident that Don has the experience and skills to build on 2004's
successes and to help drive our business to the next level.

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E-mini is a
trademark of CME.

HSBC Hires Don Lee as Head of Foreign Exchange Derivatives for The Americas

Through its global network,
HSBC provides its clients with seamless, 24-hour trading capabilities.

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CME offers the largest regulated FX derivatives trading complex in the
world, providing users with liquid, transparent markets, guaranteed execution
and central counterparty clearing risk management on 36 individual FX futures
and 23 options on futures products.

Statements in this news release that are not historical facts are forward-
looking statements. Based in New York, he reports to Matt
Desselberger , global head of foreign exchange derivatives, and to Ben
Welsh, head of foreign exchange for the Americas.
"HSBC's foreign exchange derivatives volume in the Americas grew
significantly in 2004 and we expect that growth to continue," said
Joseph Petri, head of global markets for the Americas .

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Electronic trading accounted for a
significant percentage of Wednesday's volume with record volume of 455,039
futures and options on futures contracts traded on the CME(R) Globex(R)
electronic trading platform. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information, future
events or otherwise. It engages in
underwriting , dealing, and brokering a full range of debt and equity
securities and futures contracts and serves as a primary dealer in US
government and federal agency securities.

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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
annual report on Form 10-K, which can be obtained at its Web site at
http://www.

Business Editors

NEW YORK----HSBC Securities (USA)
Inc .

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CHICAGO, CME, the largest U. Therefore, actual outcomes and results may differ materially from
what is expressed or implied in any forward-looking statements. CLEARING 21 is a registered trademark of CME and New York
Mercantile Exchange, Inc.

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As an international marketplace, CME
brings together buyers and sellers on CME Globex electronic trading platform
and on its trading floors. are the property of their respective
owners, and are used herein under license.

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CME received FX Week's 2004 eFX award for
the best electronic futures platform. S+P, S+P 500, NASDAQ-100, Nikkei 225, Russell 1000,
Russell 2000, TRAKRS, Total Return Asset Contracts and other trade names,
service marks, trademarks and registered trademarks that are not proprietary
to Chicago Mercantile Exchange Inc.

Notes to editors:

HSBC Securities (USA) Inc.

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com ) is the largest
futures exchange in the United States.

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This overtook the previous
record of 233,181 CME Euro FX futures contracts, set on June 1, 2005. CME is a wholly owned subsidiary of Chicago Mercantile
Exchange Holdings Inc.