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CME FIXML Initiatives 2004

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Chicago Mercantile Exchange Inc. All rights reserved. 2 CME FIXML Projects 2004 FIXML 4.4 Positions Services API (Currently Available) FIXML Trade Capture for SLEDS and Privately Negotiated Trades (EFP and Blocks) FIXML Allocate and Claim API for Average Pricing TREX to FIXML Transition Support

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Chicago Mercantile Exchange Inc. All rights reserved. 3 FIXML Position Services APICurrently Available Real time Trade Registers On request Customized Real time balancing Real time Exercise and Assignment Reports Message Based PCS Supports all Product types, including FLEX Options Updateable Real Time API supports Exercise requests, Contrary Instructions and Position Adjustments All updateable real time Referential Messaging

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Chicago Mercantile Exchange Inc. All rights reserved. 4 EFP and Block Trade Capture APIJune 2004 First FIXML Trade Capture at the CME Supports submission of a matched trade Multiple Allocation Blocks Pack and Bundle Entry

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Chicago Mercantile Exchange Inc. All rights reserved. 5 SLEDS FIXML APIJuly 2004 Single and Leg Level Submission Multiple Allocations, per leg, per side Compatibility with APS API

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Chicago Mercantile Exchange Inc. All rights reserved. 6 APS FIXML Allocate and Claim API Fully functional API Transfer with residual Allocate and Claim Trade Grouping Integrated with our current Allocate and Claim API for vanilla give-ups

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Chicago Mercantile Exchange Inc. All rights reserved. 7 The Vision FIXML is a standard that provides a comprehensive framework for all services and solutions: Order and Fill Routing Trade Submission and Reporting Trade Allocation and Acceptance Position Reporting and Maintenance Risk and Collateral Reporting and Maintenance Price Reporting Product Dissemination

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Chicago Mercantile Exchange Inc. All rights reserved. 8 CMEs FIXML Users Guides The following FIXML Users Guides and Specification Docs are now available on CME website: Position Services Users Guide Blocks and EFP Users Guide FIXML developers training sessions are held in Chicago and NY. More sessions will be scheduled upon demand

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Chicago Mercantile Exchange Inc. All rights reserved. 9 Implementation Plan A few firms are currently testing CME/CBOT Trade Register Data File FIXML 4.4 version for both Midday and EOD files. PNT (Privately Negotiated Transactions) Testing will start in early May. A detailed notice will be sent out soon. PNT Implementation is scheduled for June 3 rd. Firms will utilize the current infrastructure.

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Chicago Mercantile Exchange Inc. All rights reserved. 10 MQ-Series Transport for FIXML Messages FIXML will be fully supported over MQSeries. The process of sending and receiving FIXML messages will be no different than for TREX. Transmission of FIXML messages to the CME will require the use of separate queues dedicated to FIXML processing. The CME will transmit FIXML messages to a separate outbound queue at the firm. It will be necessary for the firm to define new sending and receiving channels between itself and the CME since the CME will be hosting the Clearing API processing in a new.

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Chicago Mercantile Exchange Inc. All rights reserved. 11 Additional Information Additional CME FIXML resources can be found on CME website: http://www.cme.com/fixmlhttp://www.cme.com/fixml Users are encouraged to sign up to CME FIXML email distribution list for the latest developments: Via email: fixml@cme.comfixml@cme.com Via phone: 312 930 8159 Thank you