Foreign exchange (FX) trading for the U.S. dollar versus the Israeli shekel is growing. To provide risk management tools for this currency and to broaden the range of opportunities available in its foreign exchange marketplace, CME has developed CME Israeli Shekel futures and options. The United States is Israel's number one trading partner for both imports and exports, with total trading of more than $16.2 billion in 2003.

Benefits

• Risk management opportunities for businesses and institutions with U.S. dollar - Israeli shekel exchange rate risk
• Open, fair and anonymous trading
• All exchange fees are public and bid/offer spreads are tightened by CME's large pool of FX liquidity
• Global access to CME electronic FX markets virtually 24 hours a day
• Access to over $48 billion in liquidity each day in the CME's FX trading complex
• Guarantee of counterparty credit and central clearing by CME Clearing