THE FIA INFORMATION TECHNOLOGY DIVISION Presents A Multi-Panel Forum March, 2003 FIA Boca Conference Prepared By Tellefsen Consulting Group, Inc.

AGENDA I. Purpose and scope of the session II. About the speakers III. What came out of the XML standards work shops? IV. What new technology will the NYBOT install on its new trading floor? V. How ready are industry DR/BCP programs? VI. Does STP Mean “Some Time Perhaps”? VII. Discussion of major industry issues VIII. Audience Q&A

I. PURPOSE AND SCOPE OF THE SESSION Describe FIA IT Division initiatives Share with you new technology implementation Bring you up-to-date on standards, DR/BCP and STP Have some fun

II. ABOUT OUR SPEAKERS Steve Bass, Chief Information Officer & Senior Vice President – IT, New York Board of Trade Ed Gogol – Director of Clearing Systems Development, Chicago Mercantile Exchange Leonard Musso, First Vice President, Lehman Brothers, Inc. Jim Northey, Principal & Senior Consultant, LaSalle Technology Group, Inc. and Chair FIX Global Derivatives Committee John Rapa, President & Chief Executive Officer, Tellefsen Consulting Group, Inc. David Sternberg, President, Computer Innovations Jerry Tellefsen, Chairman, Tellefsen Consulting Group, Inc.

III.WHAT CAME OUT OF THE XML STANDARDS WORK SHOPS?

How many firms were represented by how many people?

What are the biggest standardization problems?

How does what the FIA Standards Committee do cause or eliminate convergence?

IV. WHAT NEW TECHNOLOGY WILL THE NYBOT INSTALL ON ITS NEW TRADING FLOOR?

Well Steve, what’s changing – voice, data, hardware, system software or application software?

What will be the benefits of this innovation, and what will it cost? … and when?

What were the biggest hurdles?

How will you back-up the new floor?

V. HOW READY ARE INDUSTRY DR/BCP PROGRAMS?

Do you agree that the Futures industry needs to plan for and improve DR/BCP readiness in the way the Securities industry is? How?

Do BCP/DR “Best Practices” exist today as utilized by FCMs, Exchanges, Clearing Houses, key industry vendors, etc.?

What is the mission of the BCP/DR Committee?

How will your Committee work to formulate a best practices model and improve industry readiness?

How will the Futures Industry create an industry readiness scorecard?

What kind of deliverables and practical results can be demonstrated?

VI. DOES STP MEAN “SOME TIME PERHAPS”?

What are the benefits and impediments to achieving STP?

Can you describe where partial STP has been achieved?

What results are your Committee striving for?

VII. DISCUSSION OF MAJOR INDUSTRY ISSUES

Do you think that NYBOT and NYMEX will/should share technology?

What efficiencies do you think the introduction of industry IT standards will achieve?

If you were an exchange how would you use technology to preserve existing markets?

What do you foresee as the major IT obstacles facing our industry?

If you were the FIA or the IFM, what would you do to foster technology integration?

What will be the technology impact of the CBT move to LIFFE-Connect?

VIII. AUDIENCE Q&A