Various Rule Amendments/ Additions Submitted to the Commission on December 29, 2005, anticipated for effectiveness on January 6, 2006


Pursuant to Commission Regulation §40.2 and §40.6, HedgeStreet has submitted the following to the Commission; i) terms and conditions for new Binary Hedgelet Contracts and amendments to corresponding Rules to accommodate the introduction of such Binary Hedgelets, ii) amendments to the Payout Criteria for certain Variable Payout Hedgelets, iii) its intent to de-list all Hedgelet pairs upon the expiration of all such actively traded Contracts, and, iv) modifications to the listing cycle of certain Contracts.

All fees for the new Binary Hedgelets will be the same fees that are currently posted for the Fixed Payout Hedgelets. The fees applicable to the amended Variable Hedgelets will also remain the same.

Additionally, HedgeStreet is changing the Underlying of its Consumer Price Index ("CPI") Hedgelets by switching from the non-seasonally adjusted CPI for all Urban Consumers to the seasonally-adjusted CPI for all Urban Consumers as reported by the US Department of Labor's Bureau of Labor Statistics.

These Rulebook amendments are anticipated to go into effect by the start of business on Friday, January 6, 2006. Click here to view a discussion of the various rule amendments.

Should you have any questions or require further information, please contact the Compliance Department.