Joint Press Conference Eurex and Trading Technologies Sign Software Deal Chicago 3 December 2003 Rudolf Ferscha CEO Eurex Harris Brumfield CEO Trading Technologies Int.

2 Press Conference Eurex/TT 3 December 2003 Highlights Eurex US selects Trading Technologies (TT) to provide front- end connectivity to all TT customers free of charge TT is a leading Independent Software Vendor (ISV) in the U.S. market Eurex US customers using Trading Technologies front-end will enjoy full connectivity and free access from day one –No extra cost –Immediate connectivity from day one –Leveraging existing infrastructure –Highly sophisticated and market proven front-end technology Non-exclusive agreement with a term of 24 months

3 Press Conference Eurex/TT 3 December 2003 Trading Technologies – Facts and Figures TT develops high performance trading software for derivatives professionals TT is a leading ISV in the U.S. market and provides connectivity to the leading derivatives markets in the world – TT believes 50% of the combined electronic volume on the world’s four largest derivatives exchanges trades through TT’s X_TRADER ® platform –most used software by traders active in U.S. treasury bond markets Customer base –Well over 100 clients worldwide –Several thousand screens installed, including Money-center banks Proprietary traders FCMs and other trading institutions Based in Chicago, with representative offices in New York, London, Frankfurt and Sydney History with Eurex dates back to 1994: TT installed first trading gateway to connect traders to DTB, one of Eurex‘s predecessors

4 Press Conference Eurex/TT 3 December 2003 Trading Technologies – Arrangement for Eurex US Customers TT customers receive access to Eurex US through the X_TRADER ® front-end software Free upgrade to X_TRADER ® Pro for three months, offering –Autospreader: Automatically create and simultaneously trade multiple inter and intra market spreads Define and manage spreads, working the legs automatically to match a desired spread price –Autotrader: Execute complex trading strategies quote the market and trade using links from Excel or formulas directly in the application –X_TRADER API Create custom applications to work with X_TRADER

5 Press Conference Eurex/TT 3 December 2003 Strategic Rationale Trading Technologies Primary focus is on selling software Growing customer base Further sales potential for X_TRADER ® Pro Eurex US Immediate connectivity to large percentage of Treasury bond market Highly sophisticated access for Eurex US customers Linking liquidity pools –Across the USD yield curve –Versus other tightly correlated futures, such as Eurex Bund futures Complementary offering to open interface and Eurex front-end

6 Press Conference Eurex/TT 3 December 2003 Eurex US will start with the Largest Distribution ever for a New Exchange 157 customers have already signed up to become members of Eurex US –56 European customers –101 U.S. customers –117 are current customers of Eurex Eurex US will start with the largest distribution network ever for a new exchange Simulation successfully started –Pre-simulation for vendors successfully completed with 10 ISVs –Pre-simulation for members started on December 1 –Full simulation starts on January 5, 140 customers already enrolled

7 Press Conference Eurex/TT 3 December 2003 Eurex US – The Most Advanced Trading Features  Unique opportunity to extend services for fixed income options  Eliminating the execution risk for large bilateral trades  Straight forward automatic process for give-up/take-up business  Enhanced error protection and risk minimization mechanisms to filter erroneous trades  Access to the leading worldwide distribution network Treasury Futures Treasury Options  Fully integrated order book for calendar spreads  EFPs (Exchange for Physicals) and EFSs (Exchange for Swaps)  Block trading facility (for 2,500 contracts or above) Treasury Options  Delta-neutral trading facility  Strategy builder  Block trading facility (for 2,500 contracts or above)