TO:	ALL CLEARING PARTICIPANTS
FROM:	CLIENT SERVICES AND SUPPORT
DATE:	August 13, 2007
SUBJECT:	USFE NORDIX Financial Wind Index Contracts

The US Futures Exchange, (USFE), an all electronic exchange, will launch the following NORDIX Financial Wind Index contracts. Contract specifications and trading information are detailed below.

NORDIX Financial Wind Index – New York Region 1
Exchange Code	03
Commodity Code	N1
Underlying:	NORDIX Financial Wind Variability Index
Quotation:	Index Points
Contract Size:	$500 USD per index point
Minimum Tick Size:	0.01
Minimum Calendar Spread Tick Size:	None
Outright Tick Value:	$5.00
Block Trade	10 Contracts
Reportable Position	25 Contracts
Position Limit	25,000 Contracts
Final Settlement	The final settlement price will be determined and posted by USFE at 8:30 am on the first business following last trading day. CCorp will use this final settlement price to cash settle outstanding open positions held by participants.

NORDIX Financial Wind Index – New York Region 2
Exchange Code	03
Commodity Code	N2
Underlying:	NORDIX Financial Wind Variability Index
Quotation:	Index Points
Contract Size:	$500 USD per index point
Minimum Tick Size:	0.01
Minimum Calendar Spread Tick Size:	None
Outright Tick Value:	$5.00
Block Trade	10 Contracts
Reportable Position	25 Contracts
Position Limit	25,000 Contracts
Final Settlement	The final settlement price will be determined and posted by USFE at 8:30 am on the first business following last trading day. CCorp will use this final settlement price to cash settle outstanding open positions held by participants.

NORDIX Financial Wind Index – Texas Region 1
Exchange Code	03
Commodity Code	N3
Underlying:	NORDIX Financial Wind Variability Index
Quotation:	Index Points
Contract Size:	$500 USD per index point
Minimum Tick Size:	0.01
Minimum Calendar Spread Tick Size:	None
Outright Tick Value:	$5.00
Block Trade	10 Contracts
Reportable Position	25 Contracts
Position Limit	25,000 Contracts
Final Settlement	The final settlement price will be determined and posted by USFE at 8:30 am on the first business following last trading day. CCorp will use this final settlement price to cash settle outstanding open positions held by participants.

NORDIX Financial Wind Index – Texas Region 2
Exchange Code	03
Commodity Code	N4
Underlying:	NORDIX Financial Wind Variability Index
Quotation:	Index Points
Contract Size:	$500 USD per index point
Minimum Tick Size:	0.01
Minimum Calendar Spread Tick Size:	None
Outright Tick Value:	$5.00
Block Trade	10 Contracts
Reportable Position	25 Contracts
Position Limit	25,000 Contracts
Final Settlement	The final settlement price will be determined and posted by USFE at 8:30 am on the first business following last trading day. CCorp will use this final settlement price to cash settle outstanding open positions held by participants.

NORDIX Financial Wind Index – Texas Region 3
Exchange Code	03
Commodity Code	N5
Underlying:	NORDIX Financial Wind Variability Index
Quotation:	Index Points
Contract Size:	$500 USD per index point
Minimum Tick Size:	0.01
Minimum Calendar Spread Tick Size:	None
Outright Tick Value:	$5.00
Block Trade	10 Contracts
Reportable Position	25 Contracts
Position Limit	25,000 Contracts
Final Settlement	The final settlement price will be determined and posted by USFE at 8:30 am on the first business following last trading day. CCorp will use this final settlement price to cash settle outstanding open positions held by participants..

NORDIX Financial Wind Index – Texas Region 4
Exchange Code	03
Commodity Code	N6
Underlying:	NORDIX Financial Wind Variability Index
Quotation:	Index Points
Contract Size:	$500 USD per index point
Minimum Tick Size:	0.01
Minimum Calendar Spread Tick Size:	None
Outright Tick Value:	$5.00
Block Trade	10 Contracts
Reportable Position	25 Contracts
Position Limit	25,000 Contracts
Final Settlement	The final settlement price will be determined and posted by USFE at 8:30 am on the first business following last trading day. CCorp will use this final settlement price to cash settle outstanding open positions held by participants.

NORDIX Financial Wind Index – Texas Region 5
Exchange Code	03
Commodity Code	N7
Underlying:	NORDIX Financial Wind Variability Index
Quotation:	Index Points
Contract Size:	$500 USD per index point
Minimum Tick Size:	0.01
Minimum Calendar Spread Tick Size:	None
Outright Tick Value:	$5.00
Block Trade	10 Contracts
Reportable Position	25 Contracts
Position Limit	25,000 Contracts
Final Settlement	The final settlement price will be determined and posted by USFE at 8:30 am on the first business following last trading day. CCorp will use this final settlement price to cash settle outstanding open positions held by participants.

Additional specifications applicable to each NORDIX Financial Wind Index contracts are as follows:

Daily Settlement Price:	Based on trading conditions at close or a fair value calculation
Final Settlement Price Determination:	The final settlement price is based on the sum of daily deviations from the daily twenty year averages in wind speed over the month.
Final Settlement Time:	2:00 pm Chicago Time
Trading Hours (CT)	9:15 am to 2:00 pm Chicago Time
Fair Value Method:	The exchange will use a fair value calculation of the index futures as the settlement price of the next futures contract to expire instead of the normally calculated daily settlement price. The fair value calculation is based on the sum of daily deviations from the daily twenty year averages in wind speed over the month so far and accounts for the remaining time to final futures settlement.
Delivery Months:	One contract every month for twelve consecutive months.
Last Trading Day:	Last business day of the month.
EFP/EFS Details	N/A

MQM Messaging

Firms will receive trade confirmations as well as Give-Up confirmations and/or duplications via MQM.

USFE Open Interest Reporting

USFE participants will submit open interest to The Clearing Corporation (CCorp) using the current convention for USFE. Participants will have the ability to submit USFE final open interest via FTP using the Open Interest Position Record Layout or through CCorp’s Position Management user interface (UI). Additionally, USFE participants will also have the ability to verify the accuracy of their open interest adjustments and make applicable updates using the Position Management UI prior to the 10:00 AM next business day deadline. Please contact your CSS representative should you need additional information regarding open interest reporting.

USFE Large Trader Reporting

The Clearing Corporation (CCorp) will facilitate large trader reporting functionality for the US Futures Exchange.

Firms have the option of either submitting large trader information via an FTP put command, or entering their large trader data through the Exchange Reporting screens on the OTIS® system. Firms that will be submitting large trader positions via FTP should use the P6 record layout when reporting. Please contact your CSS representative should you need additional information regarding large trader reporting.

Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives: