Date:                                June 23, 2008
Recipients:                      Members and Independent Software Vendors 
Authorized by:                Jeffrey S. Hersh
Title:                               Update on CBOT Metal Products - Membership
Action Date:                    n/a
Recommended for:         All Departments
Related Bulletins:           n/a
Attachment:                    n/a

SUMMARY:

As you know NYSE Euronext has acquired from the CBOT their Precious Metals complex. The complex is comprised of the full-size (100 oz.) gold and (5,000 oz.) silver futures, options on the full-sized gold and silver futures and the mini-sized gold and silver futures (collectively “Metals”).

Information about NYSE Liffe membership and a copy of the Fast Track Membership Application, which has been designed specifically for use by existing members, is available here.

Members must complete the Application in order to become a member of NYSE Liffe. You will need to be a member of NYSE Liffe in order to continue to have direct access to Metals after the products are transitioned from CBOT to NYSE Liffe.

NYSE Euronext anticipates that NYSE Liffe will receive approval and designation as a contract market from the CFTC in Q3 2008. Once designation is achieved we will communicate arrangements for the transition of CBOT Metals to NYSE Liffe. We expect the transition will be seamless for all users of the metals complex as NYSE Liffe will make use of the e-cbot platform which is powered by LIFFE CONNECT® technology.

If you have any questions, please contact:

NYSE Euronext: Lynn Martin (212) 656-4300 or lynn.martin@liffe.com
CME Group: Jeff Hersh (312) 930-2313 or jeff.hersh@cmegroup.com