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Archived CBOE, CBSX, & CFE Press Releases


FOR IMMEDIATE RELEASE


CBOE to List Options on 11 Commodity-based ETFs on Wednesday, May 9:

iShares GSCI Commodity-Indexed Trust (GSG)
PowerShares DB Agriculture Fund (DBA)
PowerShares DB Base Metals Fund (DBB)
PowerShares DB Commodity Index Tracking Fund (DBC)
PowerShares DB Energy Fund (DBE)
PowerShares DB Gold Fund (DGL)
PowerShares DB Oil Fund (DBO)
PowerShares DB Precious Metals Fund (DBP)
PowerShares DB Silver Fund (DBS)
United States Natural Gas Fund (UNG)
United States Oil Fund LP (USO)

CHICAGO, May 8, 2007 - The Chicago Board Options Exchange (CBOE) today announced it will list options on the above 11 Commodity-based Exchange-Traded Funds (ETFs) beginning Wednesday, May 9. These ETFs are the first security options products that give investors exposure to commodity prices.
"We have seen a tremendous increase, worldwide, in commodity-based products," said Joseph Levin, CBOE Vice President of Research and Product Development. "In response to customer requests, CBOE is pleased to introduce these eleven new ETF options, which have the potential to be powerful tools to help investors manage risk and diversify their investment portfolios."

iShares GSCI Commodity-Indexed Trust is an exchange-traded fund
that invests in a diversified group of commodities. The funds objective is that its
performance will correspond generally to the performance of the GSCI Total Return Index. Strike prices for GSG options will range from 30 to 50, in one-point increments, with position limits of 25,000 contracts.Group One Trading, LP has been named the Designated Primary Market Maker (DPM) in the options.

PowerShares DB Agriculture Fund is an exchange-traded fund whose objective is to track the Deutsche Bank Liquid Commodity Index-Optimum Yield Agriculture Excess Return Index. Strike prices for DBA options will range from 20 to 30, in one-point increments, with position limits of 50,000 contracts. Jane Street Specialists, LLC has been named the DPM in the options.

PowerShares DB Base Metals Fund is an exchange-traded fund whose objective is to track the Deutsche Bank Liquid Commodity Index-Optimum Yield Industrial Metals Excess Return Index, which is intended to reflect the base metals sector. Strike prices for DBB options will range from 20 to 35, in one-point increments, with position limits of 25,000 contracts. Susquehanna Investment Group has been named the DPM in the options.

Powershares DB Commodity Index Tracking Fund is an investment fund whose objective is to reflect the performance of the Deutsche Bank Liquid Commodity Index Optimum Yield - Excess Return. Strike prices for DBC options will range from 20 to 30, in one-point increments, with position limits of 50,000 contracts.Susquehanna Investment Group has been named the DPM in the options.

PowerShares DB Energy Fund is an exchange-traded fund whose objective is to track the Deutsche Bank Liquid Commodity Index-Optimum Yield Energy Excess Return Index, which is intended to reflect the energy sector. Strike prices for DBE options will range from 20 to 35, with position limits of 25,000 contracts. Group One Trading, LP has been named the DPM in the options.

PowerShares DB Gold Fund is an exchange-traded fund whose objective is to track the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold Excess Return Index, which is intended to reflect the changes in market value of gold. Strike prices for DGL options will range from 20 to 35, in one-point increments, with position limits of 25,000 contracts. Susquehanna Investment Group has been named the DPM in the options.

PowerShares DB Oil Fund is an exchange-traded fund whose objective is to track the Deutsche Bank Liquid Commodity Index-Optimum Yield Crude Oil Excess Return Index, which is intended to reflect the changes in market value of crude oil.Strike prices for DBO options will range from 20 to 30, in one-point increments, with position limits of 25,000 contracts. Group One Trading, LP has been named the DPM in the options.

PowerShares DB Precious Metals Fund is an exchange-traded fund whose objective is to track the Deutsche Bank Liquid Commodity index-Optimum Yield Precious Metals Excess Return Index, which is intended to reflect the precious metals sector. Strike prices for DBP options will range from 20 to 35, in one-point increments, with position limits of 25,000 contracts. Jane Street Specialists, LLC has been named the DPM in the options.

PowerShares DB Silver Fund is an exchange-traded fund whose objective is to track the Deutsche Bank Liquid Commodity Index-Optimum Yield Silver Excess Return Index, which is intended to reflect the changes in market value in silver. Strike prices for DBS options will range from 20 to 35, in one-point increments, with position limits of 25,000 contracts. Susquehanna Investment Group has been named the DPM in the options.

United States Natural Gas Fund is an exchange-traded fund whose objective is for the units' net asset value to reflect the performance of the price of natural gas delivered at Henry Hub, Louisiana, as measured by the futures contract on natural gas traded on the New York Mercantile Exchange.

Strike prices for UNG options will range from 40 to 65, in one-point increments, with position limits of 25,000 contracts. Jane Street Specialists has been named the DPM in the options.

United States Oil Fund LP is an exchange-traded fund whose objective is for the units' net asset value to reflect the performance of the spot price of West Texas Intermediate light. The fund invests in futures contracts for West Texas Intermediate light. Strike prices for USO options will range from 40 to 60, in one-point increments, with position limits of 250,000 contracts. Susquehanna Investment Group has been named the DPM in the options.

(All of the ETFs will trade on the January expiration cycle with introductory expirations in May, June, July and October.)

For more information about commodity-based ETF options, please visit http://www.cboe.com/commodity.


CBOE, the largest options marketplace in the U.S. and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at: http://www.cboe.com/.

Contacts:
Lynne Howard-Reed
(312) 786-7123
howardl@cboe.com

Gary Compton
(312) 786-7612
comptong@cboe.com


CBOE® and Chicago Board Options Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

In connection with the proposed restructuring transaction, CBOE Holdings, Inc. ("CBOE Holdings") has filed certain relevant materials with the United States Securities and Exchange Commission (SEC), including a registration statement on Form S-4. Members are encouraged to read the registration statement, including the proxy statement/prospectus that are a part of the registration statement, because it contains important information about the proposed transaction. Members are able to obtain a free copy of the proxy statement/prospectus, as well as the other filings containing information about CBOE Holdings and the Chicago Board Options Exchange, Incorporated ("CBOE"), without charge, at the SEC's Web site, http://www.sec.gov/, and the companies' website, http://www.cboe.com/. In addition, CBOE members may obtain free copies of the proxy statement/prospectus and other documents filed by CBOE Holdings or the CBOE from CBOE Holdings by directing a request to the Office of the Secretary, CBOE Holdings, Inc., 400 South LaSalle Street, Chicago, Illinois 60605.

CBOE Holdings, the CBOE and their respective directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of CBOE Holdings and of the CBOE is available in the prospectus/proxy statement.


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