News Releases

For more information contact:
Karen Wuertz (312) 781-1335 (NFA), kwuertz@nfa.futures.org,
Larry Dyekman (312) 781-1372 (NFA), ldyekman@nfa.futures.org , or
Lynne Howard-Reed (312) 786-7123 (CBOE), howardl@cboe.com

National Futures Association to provide regulatory services for CBOE Futures Exchange (CFE)

March 15, 2006 - National Futures Association (NFA) and the CBOE Futures Exchange (CFE), a wholly owned subsidiary of the Chicago Board Options Exchange (CBOE), today announced that they have entered into an agreement for NFA to provide regulatory services for CFE. NFA will perform trade practice and market surveillance activities for CFE.

"The CBOE Futures Exchange takes its regulatory responsibility seriously and is pleased to enlist NFA, the leading expert in regulatory services for the futures industry, to provide these services," said CFE Managing Director Patrick Fay. "As CFE continues to grow, in terms of products traded as well as volume, it is of the utmost importance to us that our regulatory obligations are fulfilled to the highest standards."

"NFA is looking forward to providing these services for the CBOE Futures Exchange," said NFA President Daniel J. Roth. "We welcome this opportunity for NFA to utilize its unparalleled regulatory expertise and systems in the futures industry."

About NFA
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets. Learn more about NFA at www.nfa.futures.org.

About CFE
The CBOE Futures Exchange is a wholly-owned subsidiary of Chicago Board Options Exchange, Incorporated, offering an all-electronic, open access model, with traders providing liquidity and making markets. CFE is regulated by the Commodity Futures Trading Commission (CFTC). More information on CFE and its products, including contract specifications, can be found at: www.cboe.com/CFE.