Designated Contract Markets Registered with the CFTC

Exchange	Date Designated* (original designation date)	Major Commodities	Remarks
CBOE Futures Exchange, LLC (CFE)	08/07/2003	Volatility Indexes	CFE is a subsidiary of the Chicago Board Options Exchange (CBOE). [CFTC approval documents]
Chicago Board of Trade (CBOT)	12/21/2000* (5/3/1923)	Grains, soybeans, US Treasury notes and bonds, other interest rates, and stock indexes.	Organized as a grain cash market in 1848, the CBOT is generally considered to be the oldest organized futures exchange. While experts disagree about the exact date when “true” futures trading began, CBOT cash contracts evolved into what are now considered futures contracts. Shortly before the civil war, traders at the CBOT began trading “to-arrive” or forward contracts in agricultural commodities including wheat, corn, and oats. In 1859, the CBOT was granted a charter by the Illinois legislature which, among other things, standardized grades and provided for inspectors of grain to be appointed by the CBOT, whose decisions were binding on members. In 1865, formal trading rules were instituted particularly concerning margin and delivery procedures. In 1877 the CBOT began publishing futures prices, and in 1883 the first clearing organization was established to clear CBOT contracts, initially on a voluntary basis.
Chicago Mercantile Exchange (CME)	12/21/2000* (9/13/1936)	Livestock, dairy products, stock indexes, Eurodollars and other interest rates, currencies	CME was originally known as the Chicago Butter and Egg Board, which was formed in 1898. It became the CME in 1919, trading futures on a variety of agricultural products.
HedgeStreet, Inc.	02/18/2004	Economic Indexes	HedgeStreet plans to provide for the automated trading of binary option contracts. [CFTC Approval Documents, Exchange Filings & Comments]
INET Futures Exchange, LLC (IFX)	02/19/2002	Security futures products	IFX originally was designated as Island Futures Exchange. It changed its name to IFX on December 5, 2003. It has not yet commenced trading. [CFTC approval documents]
Kansas City Board of Trade (KCBT)	12/21/2000* (5/5/1923)	Wheat, natural gas, and stock indexes	KCBT was established by local Kansas City merchants in 1869 as a means of trading grain. Futures trading in grains began in 1876.
Minneapolis Grain Exchange (MGE)	12/21/2000* (5/2/1923)	Spring wheat	MGE was established by the Minneapolis Chamber of Commerce in 1881 as an organization designed to promote trade in grains and to prevent abuses. In 1947, it became the MGE.
NQLX LLC Futures Exchange (NQLX)	08/22/2001	Security futures products	NQLX originally was designated as the Nasdaq LIFFE LLC Futures Exchange, and it operated as a joint venture of the Nasdaq Stock Market and the London International Financial Futures and Options Exchange (LIFFE). NQLX’s relationship with Nasdaq ended on July 24, 2003, and it was renamed as NQLX. [CFTC approval documents]
New York Board of Trade (NYBOT)	06/10/2004	Coffee, sugar, cocoa, cotton, frozen concentrated orange juice, currencies.	NYBOT was formed in 1998 when the Coffee, Sugar and Cocoa Exchange (CSCE) and the New York Cotton Exchange (NYCE) entered into a merger agreement, which was to occur in several stages. In June 2004 when the merger was completed, the CSCE’s and NYCE’s contract market designations were extinguished and transferred to NYBOT [Staff Memorandum].
New York Mercantile Exchange (NYMEX)	12/21/2000* (6/15/1936)	Energy products	NYMEX was founded in 1872 as the Butter and Cheese Exchange of New York and became the New York Mercantile Exchange in 1882. COMEX was founded in 1933 from the merger of the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange (the oldest of these exchanges was founded in 1882). Since 1994, COMEX has operated as a subsidiary of NYMEX.
The COMEX Division (COMEX)	12/21/2000* (6/18/1968)	Metals
OneChicago	06/11/2002	Security futures products	OneChicago is owned by the CME, CBOT and the Chicago Board Options Exchange (CBOE). [CFTC approval letter and supporting materials]
Philadelphia Board of Trade (PBOT)	12/21/2000* (5/18/1985)	Currencies	The PBOT is a subsidiary of the Philadelphia Stock Exchange.
U.S. Futures Exchange, LLC (Eurex US)	02/04/2004	US Treasury Notes and Bonds	Eurex US is owned 80% by U.S. Exchange Holdings, Inc., a Delaware corporation that is a separately capitalized wholly-owned subsidiary of Eurex Frankfurt, AG, and 20% by Exchange Place Holdings, L.P., a Delaware limited partnership. [CFTC Approval Documents, Exchange Filings & Comments]

*Section 5(c) of the Commodity Exchange Act as amended by the Commodity Futures Modernization Act of 2000 (CFMA), provides that boards of trade that were designated contract markets on the date of the enactment of the CFMA (December 21, 2000) were to be considered designated contract markets under the Commodity Exchange Act as of that date. The contract markets having a designation date followed by an asterisk are those that were deemed to be designated at the time of adoption of the CFMA. . The original date when an exchange was designated as a contract market by the CFTC or, prior to 1975, by the Secretary of Agriculture is indicated in parentheses.

Boards of Trade Designated as Contract Markets (DCMs), but Deemed to be Dormant

The following exchanges have been designated by the CFTC as contract markets under the Commodity Exchange Act, but were deemed to be dormant as no trading had occurred on these exchanges for a period greater than six months. Under Commission Regulation 40.1, any contract market on which no trading has occurred for over a period of six months is defined as a dormant contract market. Newly designated contract markets, however, are not considered to be dormant until the end of a grace period of 36 complete calendar months following the day that the order of designation was issued or that the contract market was deemed to be designated. Section 5(c) of the Commodity Exchange Act as amended by the Commodity Futures Modernization Act of 2000 (CFMA), provides that boards of trade that were designated as contract markets on the date of the enactment of the CFMA (December 21, 2000) were to be considered as designated contract markets as of that date. Accordingly, the 36-month grace period ended for those contract markets on December 31, 2003. The contract markets having a designation date followed by an asterisk are those that were deemed to be designated under the CFMA.

Prior to listing or relisting products for trading, a dormant contract market must reinstate its designation. To be reinstated, a dormant contract market would submit an application for reinstatement under the procedures found in Commission Regulation 38.3(a)(1), although the application might rely on previously submitted materials that still pertain to, and accurately describe, contract market conditions.

Exchange	Date Designated (original designation date)	Year Established	Date Deemed Dormant	Remarks
AMEX Commodities Corporation (ACC)	12/21/2000* (02/15/1985)	1985	12/31/2003	Trading ceased on the ACC in 1986.
Cantor Financial Futures Exchange (CX)	12/21/2000* (09/04/1998)	1998	12/31/2003	The CX is a joint venture of the NYBOT and Cantor Fitzgerald & Co. CX provides a proprietary electronic trading platform.
Exchange Place Futures Exchange, LLC	06/18/2001	2001	04/30/04	Exchange Place Futures Exchange, LLC originally was designated as BrokerTec Futures Exchange (BTEX). BTEX ceased operations in November 2003. As of January 30, 2004, Exchange Place Futures is wholly owned by U.S. Futures Exchange LLC (USFE). [CFTC approval documents]
FutureCom (FCOM)	12/21/2000* (03/13/2000)	N.A.	12/31/2003	FCOM was designated as a contract market subject to specific conditions preventing the exchange from trading until the conditions were satisfied. The specific designation conditions are set forth in the CFTC’s approval letter and Order. FCOM never commenced trading, as the conditions placed on its designation were not met prior to the exchange becoming dormant. FCOM’s business plan is to be an internet based, electronic exchange.
Merchants' Exchange (ME)	12/21/2000* (7/10/2000)	2000	09/30/04	ME was originally established in 1836 as a cash commodity market known as the Merchants' Exchange of St. Louis. It was designated as a contract market by the Secretary of Agriculture twice. ME was first designated as a contract market on May 12, 1923. That designation was vacated on August 31, 1957. ME was designated again on April 13, 1962, and it appears that that designation was vacated in 1974. In 2000, the ME was designated as a contract market by the CFTC under the name Merchants' Exchange of St. Louis, operating as an electronic exchange. It changed its name to ME in January 2002.
New York Futures Exchange (NYFE)	12/21/2000* (5/28/1980)	1980	01/31/04	NYFE originally was established as a subsidiary of the New York Stock Exchange. It was sold to the NYCE in 1994. All NYFE contracts were transferred to the NYCE on August 1, 2003 and then to the NYBOT on June 10, 2004.
OnExchange Board of Trade (ONXBOT)	12/22/2000	2000	12/31/2003	ONXBOT never commenced trading. Its business plan is to be an internet based electronic exchange.
Pacific Futures Exchange (PFE)	12/21/2000* (07/22/1986)	1986	12/31/2003	The PFE never commenced trading. The only authorized contract is the PSE Technology Stock Index future.
Twin Cities Board of Trade (TCBT)	12/21/2000* (02/26/1991)	1991	12/31/2003	The TCBT never commenced trading. The only authorized contract is the British Pound/Deutsche Mark Cross Rate future.

Background Information on Designated Contract Markets

Boards of Trade Whose Designation as a Contract Market
Has Been Vacated or Otherwise Revoked

The following exchanges previously were designated by the CFTC or, prior to 1975, by the Secretary of Agriculture, as contract markets under the Commodity Exchange Act. Subsequently, these designations were either vacated at the request of the exchange, pursuant to the provisions of section 7 of the CEA, or were otherwise revoked. Once the designation of an exchange is vacated, the exchange must reapply to the CFTC for contract market designation prior to listing contracts for trading.

Exchange	Date Designation Was Vacated or Revoked	Date Designated ** (original designation date)	Remarks
American Commodity Exchange (ACE)	7/3/1981	8/22/1978	ACE was founded in 1978 and traded futures on GNMA certificates and US Treasury instruments. The last futures trades were in July 1981. The exchange closed in 1981 under an agreement whereby ACE members were offered membership in the New York Futures Exchange (NYFE).
Baltimore Chamber of Commerce	8/18/1936	8/15/1923	No futures contracts are known to have been traded on the Baltimore Chamber of Commerce after designation.
Chicago Rice and Cotton Exchange (CRCE)	11/8/1991	2/12/1981	Originally designated as the New Orleans Commodity Exchange in 1981. The exchange moved to Chicago in 1983 and became the Chicago Rice and Cotton Exchange. The CRCE was subsequently acquired by the MidAmerica Commodity Exchange, which in turn was acquired by the Chicago Board of Trade in 1986. In 1991, the CRCE designation was vacated and its rough rice contract was transferred to the MidAm.
Coffee, Sugar & Cocoa Exchange (CSCE)	6/9/2004	12/21/2000** (7/18/1975)	The CSCE was the product of a 1979 merger between the New York Coffee and Sugar Exchange (founded in 1882) and the New York Cocoa Exchange (founded in 1925). In 1998, the CSCE and New York Cotton Exchange (NYCE) entered into a merger agreement to form the New York Board of Trade (NYBOT), which was to occur in several stages. On June 10, 2004 when the merger was completed, the CSCE’s and NYCE’s contract market designations were extinguished and transferred to NYBOT [Staff Memorandum].
Duluth Board of Trade	3/15/1972	5/11/1923	The Duluth Board of Trade, located in Duluth, MN, was founded in 1881. The last futures trade was in 1946.
Hutchinson Board of Trade Association	10/26/1936	3/16/1932	The exchange operated as a wheat market in Hutchinson, Kansas.
International Commercial Exchange	4/21/1975***	4/9/1971	Founded in 1970, and located in New York, it was the first exchange to trade currency futures, beginning on April 23, 1970, two years before the CME. It ceased operations in 1973 and former International Commercial Exchange traders were granted certain trading privileges on NYMEX.
Los Angeles Grain Exchange	5/1/1953	10/24/1922	The Los Angeles Grain Exchange traded futures contracts in corn, barley and grain sorghums. The last trade occurred in December 1945.
Memphis Board of Trade	4/21/1975***	12/8/1940	Originally known as the Memphis Merchants Exchange, it was the first exchange to trade soybean meal, beginning in 1940, 11 years before the CBOT. The last futures trade occurred in 1964.
MidAmerica Commodity Exchange (MidAm)	5/1/2004	12/21/2000** (10/24/1922)	MidAm was founded as the Chicago Open Board of Trade, probably in the late 1870s. From the beginning, it specialized in smaller contract size versions of Chicago Board of Trade (CBOT ) contracts. It was originally designated in 1922 following passage of the Grain Futures Act which required grain exchanges to be designated as contract markets. It became the MidAmerica Commodity Exchange in 1972. MidAm became a subsidiary of the CBOT in 1986. Trading on the MidAm ceased in April 2003, and it was dissolved as a legal entity on July 3, 2003. In January 2004, the CBOT requested that the CFTC vacate the MidAm’s contract market designation [Staff Memorandum]
Milwaukee Grain Exchange	4/21/1975***	10/24/1922	Originally designated as the Milwaukee Chamber of Commerce. Futures trading was suspended in 1966.
New Orleans Cotton Exchange	4/21/1975***	9/13/1936	Founded in 1871 as the New Orleans Cotton Exchange, it was first designated in 1936. The last futures trade occurred in 1964. In 1981, another entity called the New Orleans Cotton Exchange was designated as a contract market (see Chicago Rice and Cotton Exchange above).
New York Cotton Exchange (NYCE)	6/9/2004	12/21/2000** (9/13/1936)	The NYCE was founded in 1870 to trade cotton futures. Over the years, it established various subsidiaries to trade non-cotton contracts, including the Wool Associates, the Tomato Products Associates, the Citrus Associates, and FINEX (the Financial Instruments Exchange). In 1998, the NYCE and the CSCE entered into a merger agreement to form the New York Board of Trade (NYBOT), which was to occur in several stages. On June 10, 2004 when the merger was completed, the CSCE’s and NYCE’s contract market designations were extinguished and transferred to NYBOT [Staff Memorandum].
New York Produce Exchange	4/21/1975***	7/21/1926	The New York Produce Exchange was the first exchange to trade soybean oil, beginning in 1940. In 1970, it apparently merged with the International Commercial Exchange.
Omaha Grain Exchange	2/7/1937	5/22/1930	Founded in 1904, the Omaha (NE) Grain Exchange was primarily a cash grain market, but made several unsuccessful attempts to trade futures contracts.
Pacific Commodities Exchange (PCE)	5/4/1977	9//1972	The PCE was located in San Francisco, CA. It traded coconut oil, palm oil and several metals. The PCE’s contract designation was revoked as the result of a settlement with the CFTC, after PCE had been charged with failing to enforce its rules.
Portland Grain Exchange	4/21/1975***	4/30/1929	Located in Portland, OR, the exchange’s last trade occurred in 1942.
San Francisco Grain Exchange	4/21/1975***	10/31/1922	Originally designated as the San Francisco Chamber of Commerce in 1922 following passage of the Grain Futures Act which required grain exchanges to be designated as contract markets. It later was designated as the San Francisco Grain Exchange on February 28, 1938. The last trade occurred in 1940.
Seattle Grain Exchange	4/21/1975***	1/29/1926	The last futures trade occurred in 1959.