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CBOE To List QQQ Options On Tuesday, February 27, 2001

Date 26/02/2001

The Chicago Board Options Exchange (CBOE), the world's largest options exchange, today announced it will list options on the Nasdaq-100 Index Tracking StockSM (AMEX and CBOE ticker symbol QQQ) on Tuesday, February 27, 2001.

"CBOE is the leader in index option trading and we are pleased to now be able to offer QQQ options to investors. Our customers have come to rely on fast executions from CBOE's state of the art trading floor and electronic trading systems along with the deep, liquid markets provided by our market-makers," said William J. Brodsky, CBOE Chairman and Chief Executive Officer. "Speed and liquidity are critical factors in today's volatile markets."

The QQQ options will trade in the MNX trading crowd and the Designated Primary Market Maker (DPM) will be Wolverine Trading LP. Wolverine began trading at CBOE as a proprietary index market-making firm in 1994. They now have over 40 market-makers on the CBOE and trade in more than 300 classes.

The Nasdaq-100 Index Tracking Stock (QQQ) represents ownership in the Nasdaq-100 Trust,SM a long-term unit investment trust established to accumulate and hold a portfolio of the equity securities that comprise the Nasdaq-100 Index®.

Trading hours for the QQQ options are 8:30 a.m. to 3:15 p.m. CST (Chicago time).

CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at