TOP 40 GLOBAL FUTURES EXCHANGES (Futures only volume)

2000 1999 1999 2000 % RANK RANK EXCHANGE VOLUME VOLUME CHANGE

1 1 Eurex, Germany and Switzerland 244,686,104 289,952,183 18.50% 2 3 Mercantile Exchange, USA 168,013,354 195,106,383 16.13% 3 2 , USA 195,147,279 189,662,407 (2.81%) 4 4 LIFFE, UK 97,689,714 105,712,717 8.21% 5 5 New York Mercantile Exchange, USA 92,415,006 86,087,640 (6.85%) 6 7 BM&F, Brazil 52,797,466 80,073,865 51.66% 7 9 Paris Bourse SA, France 35,129,074 62,968,563 79.25% 8 6 , UK 57,563,009 61,413,076 6.69% 9 8 Tokyo Exchange, Japan 48,442,161 50,851,882 4.97% 10 22 Euronext Brussels Derivatives , Belgium 5,711,482 30,299,351 430.50% 11 10 Sydney Futures Exchange, Australia 27,183,166 28,923,442 6.40% 12 11 Singapore Exchange, Singapore 24,480,004 26,804,964 9.50% 13 12 International Exchange, UK 22,442,222 24,938,224 11.12% 14 37 Central Japan Commodity Exchange, Japan 1,327,024 21,328,867 1,507.27% 15 14 Tokyo Grain Exchange, Japan 18,018,443 20,778,338 15.32% 16 15 Korea Exchange, Korea 17,200,349 19,666,518 14.34% 17 13 OM Stockholm, Sweden 21,063,746 18,993,709 (9.83%) 18 17 Tokyo International Financial Futures Exchange, Japan 14,658,415 17,089,946 16.59% 19 16 , USA 15,958,237 15,214,528 (4.66%) 20 18 Tokyo , Japan 13,023,411 14,254,348 9.45% 21 20 South African Futures Exchange, South Africa 9,064,389 9,182,243 1.30% 22 19 Osaka Securities Exchange, Japan 10,540,224 8,707,853 (17.38%) 23 21 Exchange, Canada 7,931,831 7,766,687 (2.08%) 24 27 Kanmon Commodity Exchange, Japan 4,693,896 6,431,820 37.03% 25 24 Osaka Mercantile Exchange, Japan 5,352,572 5,142,913 (3.92%) 26 26 Italian of the Italian Stock Exchange, Italy 5,099,456 4,620,568 (9.39%) 27 23 Hong Kong Exchanges and —Derivatives Unit, China 5,563,358 4,521,926 (18.72%) 28 25 MEFF Renta Variable, Spain 5,101,588 4,183,028 (18.01%) 29 29 Shanghai Futures Exchange, China 3,134,268 4,129,521 31.75% 30 42 Korea Futures Exchange, Korea 945,403 2,959,974 213.09% 31 30 Amsterdam Exchanges, Netherlands 2,941,296 2,704,999 (8.03%) 32 31 Kansai Exchange, Japan 2,442,440 2,447,652 0.21% 33 33 Kansas City Board of Trade, USA 2,378,271 2,446,607 2.87% 34 34 Winnipeg Futures Exchange, Canada 2,086,909 2,391,565 14.60% 35 36 Budapest Commodity Exchange, Hungary 1,588,047 2,174,480 36.93% 36 41 Taiwan Futures Exchange, Taiwan 1,077,672 1,926,789 78.79% 37 32 MidAmerica Commodity Exchange, USA 2,433,894 1,649,549 (32.23%) 38 35 , Hungary 1,814,078 1,402,378 (22.69%) 39 43 Yokohama Commodity Exchange, Japan 895,705 1,384,995 54.63% 40 28 MEFF Renta Fija, Spain 3,639,648 1,094,922 (69.92%)

Futures Industry February/March 2001 39 GLOBAL FUTURES AND OPTIONS VOLUME (Excluding options on individual equities)

2000 1999 1999 2000 % RANK RANK EXCHANGE VOLUME VOLUME CHANGE

1 1 Eurex*, Germany and Switzerland 313,955,123 364,833,663 16.21% 2 2 Chicago Board of Trade, USA 254,561,215 233,528,558 (8.26%) 3 3 Chicago Mercantile Exchange, USA 200,736,920 231,114,296 15.13% 4 7 Korea Stock Exchange, Korea 97,137,007 213,495,588 119.79% 5 4 Paris Bourse SA*, France 118,822,825 147,065,643 23.77% 6 5 LIFFE*, UK 116,438,648 125,569,936 7.84% 7 6 New York Mercantile Exchange, USA 109,538,831 104,075,238 (4.99%) 8 10 BM&F, Brazil 55,931,098 82,945,277 48.30% 9 8 London Metal Exchange, UK 61,597,557 66,445,247 7.87% 10 11 Tokyo Commodity Exchange, Japan 48,442,161 5,0851,882 4.97% 11 9 Chicago Board Options Exchange*, USA 56,269,918 47,440,139 (15.69%) 12 12 Sydney Futures Exchange, Australia 29,793,333 31,299,021 5.05% 13 25 Euronext Brussels Derivatives Market*, Belgium 6,881,821 31,213,586 353.57% 14 14 Singapore Exchange, Singapore 25,863,140 27,571,963 6.61% 15 15 International Petroleum Exchange, UK 23,042,833 25,491,139 10.63% 16 13 OM Stockholm*, Sweden 26,798,506 23,176,697 (13.51%) 17 17 South African Futures Exchange*, South Africa 18,683,775 22,397,095 19.87% 18 42 Central Japan Commodity Exchange, Japan 1,327,024 21,328,867 1,507.27% 19 18 Tokyo Grain Exchange, Japan 18,393,261 21,063,002 14.51% 20 16 New York Board of Trade, USA 21,477,856 20,137,154 (6.24%) 21 20 Tokyo International Financial Futures Exchange, Japan 14,929,902 17,188,227 15.13% 22 21 , Japan 14,162,760 15,528,865 9.65% 23 19 Osaka Securities Exchange*, Japan 16,294,637 14,424,383 (11.48%) 24 23 *, Canada 8,153,241 8,235,019 1.00% 25 22 Amsterdam Exchanges*, Netherlands 8,777,619 7,838,625 (10.70%) 26 24 Italian Derivatives Market of the Italian Stock Exchange*, Italy 7,335,697 7,464,554 1.76% 27 29 Kanmon Commodity Exchange, Japan 4,693,896 6,431,820 37.03% 28 28 Osaka Mercantile Exchange, Japan 5,352,572 5,142,913 (3.92%) 29 26 Hong Kong Exchanges and Clearing—Derivatives Unit*, China 6,331,400 5,071,868 (19.89%) 30 27 MEFF Renta Variable*, Spain 5,962,843 4,949,106 (17.00%) 31 30 Philadelphia Stock Exchange*, USA 4,015,669 4,387,224 9.25% 32 32 Shanghai Futures Exchange, China 3,134,268 4,129,521 31.75% 33 47 Korea Futures Exchange, Korea 1,006,801 2,976,679 195.66% 34 34 Kansas City Board of Trade, USA 2,524,376 2,664,669 5.56% 35 37 Winnipeg Futures Exchange, Canada 2,153,443 2,468,509 14.63% 36 35 Kansai Commodities Exchange, Japan 2,472,803 2,460,040 (0.52%) 37 40 Budapest Commodity Exchange, Hungary 1,593,696 2,175,339 36.50% 38 38 Oslo Stock Exchange*, Norway 1,853,544 2,049,293 10.56% 39 33 American Stock Exchange*, USA 2,830,674 1,997,798 (29.42%) 40 46 Taiwan Futures Exchange, Taiwan 1,077,672 1,926,789 78.79%

40 Futures Industry February/March 2001 GLOBAL FUTURES AND OPTIONS VOLUME (Excluding options on individual equities)

2000 1999 1999 2000 % RANK RANK EXCHANGE VOLUME VOLUME CHANGE

41 36 MidAmerica Commodity Exchange, USA 2,452,863 1,669,917 (31.92%) 42 39 Budapest Stock Exchange*, Hungary 1,814,078 1,410,894 (22.23%) 43 48 Yokohama Commodity Exchange, Japan 895,705 1,384,995 54.63% 44 31 MEFF Renta Fija, Spain 3,643,154 1,108,373 (69.58%) 45 45 FUTOP Clearing Centre*, Denmark 1,160,552 1,042,034 (10.21%) 46 44 Grain Exchange, USA 1,188,815 1,001,078 (15.79%) 47 41 Helsinki Exchanges*, Finland 1,371,749 882,490 (35.67%) 48 43 Wiener Borse Derivatives Market of Vienna*, Austria 1,230,033 876,976 (28.70%) 49 49 New Zealand Futures Exchange*, New Zealand 837,146 817,408 (2.36%) 50 52 Kuala Lumpur Options and Financial Futures Exchange, Malaysia 436,678 366,942 (15.97%) 51 53 Commodity and Monetary Exchange of Malaysia, Malaysia 416,775 353,434 (15.20%) 52 51 Cantor Exchange, USA 438,068 325,539 (25.69%) 53 54 Mercado a Termino de Buenos Aires, Argentina 232,265 236,062 1.63% 54 56 Agricultural Futures Markets of Amsterdam, Netherlands 122,853 105,600 (14.04%) 55 55 Mercato Italiano dei Futures, Italy 209,610 1,966 (99.06%) 56 57 Pacific Stock Exchange*, USA 60,538 0 (100.00%) 57 58 Philadelphia Board of Trade, USA 251 0 (100.00%) 58 50 Toronto Futures Exchange, Canada 633,109 0 (100.00%) TOTAL VOLUME 1,737,494,607 2,022,138,940 16.38% * Options on individual equities have been excluded from exchange total.

TOTAL OPTIONS VOLUME TRADED ON U.S. SECURITIES EXCHANGES

Chicago Board American Pacific Philadelphia Options Exchange Stock Exchange Stock Exchange Stock Exchange

Options on Securities 47,440,139 1,997,798 0 4,387,224

Options on Individual Equities 278,920,392 205,716,498 108,533,862 72,135,321

TOTAL VOLUME 326,360,531 207,714,296 108,533,862 76,522,545

Futures Industry February/March 2001 41