SOURCE: Chicago Board Options Exchange

March 02, 2005 01:01 ET

Chicago Board Options Exchange (CBOE) and Shanghai Stock Exchange (SSE) Sign Memorandum of Understanding

CHICAGO,IL -- (MARKET WIRE) -- March 2, 2005 -- The Chicago Board Options Exchange (CBOE) announced that today it signed a Memorandum of Understanding ("MOU") with the Shanghai Stock Exchange (SSE). The MOU lays the foundation for the potential exchange of information, personnel and other activities that may be of mutual interest to each Exchange and their respective countries.

"We are very happy to have the opportunity to cooperate with Shanghai Stock Exchange and to explore ways that might help each of us to grow and prosper," said CBOE Chairman and CEO William J. Brodsky. "The MOU formalizes our intention to have a continuing dialogue on the possible development of markets and products that are of interest to both of our growing marketplaces and to our customers."

"We believe this MOU will build a bridge between the two exchanges and help to enhance the mutual prosperity and development of two countries and economies," said Geng Liang, Chairman of SSE.

The Shanghai Stock Exchange was founded on November 26, 1990 and it is a non-profit-making membership institution directly governed by the China Securities Regulatory Commission (CSRC). SSE is the largest market in mainland China in terms of number of listed companies, number of shares listed and total market value of shares traded.

CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE website at: www.cboe.com.

CBOE® and Chicago Board Options Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated. 3/02/05

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