Dear Client,

On the 1st October 2004 the following will take affect.

INDICES

New Indices

USRUSS2000 Rolling Cash®
USRUSS2000 Quarterly

Region: US
Related underlying index: RUSSELL 2000
Trading hours: 23:00 Sunday - 21:15 Friday
NTR: 50

TORONTO60 Rolling Cash®
TORONTO60 Quarterly

Region: Canada
Related underlying index: Canadian S&P/TSX60
Trading hours: 14:30 - 21:15
NTR: 50

New Index Trading Hours

SPX500 + NDAQ100 Rolling Cash® + Quarterly

Old Times: 23:30 Sunday - 21:15 Friday
New Times: 23:00 Sunday - 21:15 Friday

New Index expiry due to a change in the underlying market expiry

FRENCH40 Monthly

Old Expiry: Last trading day of contract month.
New Expiry: Third Friday of contract month provided this is a trading day. If not the trading day immediately preceding.

New Controlled Risk Bet (CRB) Premium

SPX500 Quarterly

Old Premium: 0.5
New Premium: 0.7

BULLION

New Bullion Trading Hours

XAUUSD + XAGUSD Rolling Cash® + Monthly

Old Times: 22:00 Sunday - 21:00 Friday
New Times: 01:00 Monday - 21:00 Friday (UK Summer) / 00:00 Monday - 21:00 Friday (UK Winter)

STOCKS

New Stocks

BMO - Bank Of Montreal
BNS - Bank of Nova Scotia
ABX - Barrick Gold Corp
BCE - BCE Inc
BBD - Bombardier Inc
CM - Canadian Imperial Bank of Commerce
CLS - Celestica Inc
ECA - Encana Corp
N - Inco Ltd
MFC - Manulife Financial Corp
NT - Nortel Networks
PDG - Placer Dome Inc
RY - Royal Bank of Canada
TD - Toronto-Dominion Bank

Region: Canada
Trading hours: 14:30 - 21:00
Margin: 5%

Best regards,
CMC Group