UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
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| Filed by a Party other than the Registrant ¨ | ||
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| ¨ | Preliminary Proxy Statement | |
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| ¨ | Definitive Proxy Statement | |
| x | Definitive Additional Materials | |
| ¨ | Soliciting Material Pursuant to §240.14a-12 | |
Chicago Mercantile Exchange Holdings Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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On February 24, 2004, Chicago Mercantile Exchange Holdings Inc. (“CME Holdings”) filed information available on its Web site regarding the Special Meeting of Class B shareholders. The following information on CME Holdings’ Web site was updated on March 8, 2004:
Percentage of RTH Trading Volume on GLOBEX® [links to the following information on CME Holdings’ Web site:]
[Logo of CME]
FUNDAMENTAL BUSINESS DRIVERS
Research and Product Development
March 8, 2004
Eurodollar Electronic Activity Update
| Trade of Eurodollar futures on the GLOBEX electronic trading platform is growing, even during Regular Trading Hours (RTH). The table below depicts a steady increase in the proportion of Eurodollar futures volume conducted on GLOBEX during Regular Trading Hours (RTH) in the first three nearby quarterly contract months. These proportions are provided on both a daily and a weekly basis. | Note that the proportion of volume traded on GLOBEX during RTH exceeded 25% in both the March and June expirations for the past two weeks in a row. The March 2004 contract was at 29.06% up from 26.52% the prior week; June was at 27.24% up from 25.67%. September’s proportion rose to 25.11% up from 23.54%. |
GLOBEX RTH Volume as % of Total RTH Volume
| March 2004 |
June 2004 |
September 2004 | ||||||||||
| Daily % |
Weekly % |
Daily % |
Weekly % |
Daily % |
Weekly % | |||||||
| 2/17/04 | 21.23% | 13.90% | 16.00% | |||||||||
| 2/18/04 | 19.26% | 14.07% | 12.27% | |||||||||
| 2/19/04 | 24.15% | 21.16% | 21.52% | |||||||||
| 2/20/04 | 15.95% | 21.48% | 21.97% | 18.70% | 20.31% | 17.30% | ||||||
| 2/23/04 | 19.88% | 17.02% | 17.16% | |||||||||
| 2/24/04 | 20.67% | 21.26% | 23.28% | |||||||||
| 2/25/04 | 22.88% | 31.34% | 24.78% | |||||||||
| 2/26/04 | 35.54% | 28.20% | 25.15% | |||||||||
| 2/27/04 | 34.94% | 26.52% | 29.30% | 25.67% | 27.14% | 23.54% | ||||||
| 3/1/04 | 33.25% | 33.55% | 21.99% | |||||||||
| 3/2/04 | 22.35% | 25.09% | 25.62% | |||||||||
| 3/3/04 | 29.73% | 28.49% | 26.05% | |||||||||
| 3/4/04 | 24.87% | 22.89% | 26.44% | |||||||||
| 3/5/04 | 34.77% | 29.06% | 26.66% | 27.24% | 24.98% | 25.11% | ||||||
Notes
| • | Trade types 2 and 5 during pit hours are included in RTH GLOBEX volume. |
| • | RTH GLOBEX volume + trade types 1 + March/June spreads are counted as Total RTH volume. |
| • | Thus, the calculation excludes most trade type 6s (Pit spreads) including packs, bundles and any other spreads that include contracts apart from March and June. |
For more information, contact John Labuszewski, Director, Research & Product Development at 312-466-7469; or, Peter Barker, Director, Interest Rate Marketing at 312-930-8554.
The following letter was distributed to the Class B shareholders of CME Holdings on March 8, 2004.
[LOGO OF CME]
To our Members:
We previously sent you a proxy statement and proxy card relating to the Special Meeting of Class B Shareholders on Tuesday, March 16, 2004.
If you sign and return your proxy card and do not indicate how you would like to vote, your proxies will vote your shares “FOR” the proposal. If, however, you do not return your proxy card, your shares will NOT be voted at the Special Meeting. If you return your proxy card and indicate how you would like to vote, your proxies WILL vote in accordance with YOUR instructions.
Sincerely,
| /s/ Terrence A. Duffy | /s/ Craig S. Donohue | |
| Terrence A. Duffy Chairman of the Board |
Craig S. Donohue Chief Executive Officer |
* * *
Chicago Mercantile Exchange Holdings Inc. has filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) regarding the Special Meeting of shareholders to be held on March 16, 2004. In addition, Chicago Mercantile Exchange Holdings Inc. may be filing other relevant documents concerning the Special Meeting with the SEC. Shareholders are urged to read the definitive proxy statement and any other relevant documents filed with the SEC because they contain, or will contain, important information about Chicago Mercantile Exchange Holdings Inc. and the Special Meeting. The definitive proxy statement and other relevant materials (when they become available), and any other documents filed by Chicago Mercantile Exchange Holdings Inc. with the SEC, may be obtained free of charge at the SEC’s Web site at www.sec.gov. In addition, shareholders may obtain copies of these documents by contacting Chicago Mercantile Exchange Holdings Inc., Shareholder Relations and Membership Services, 20 South Wacker Drive, Chicago, Illinois 60606. Shareholders are urged to read the definitive proxy statement and the other relevant materials (when they become available) before making any voting decision with respect to matters to be acted on at the Special Meeting.
Chicago Mercantile Exchange Holdings Inc., its directors, executive officers and certain other members of management and employees may be soliciting proxies from shareholders in favor of the proposal. Information concerning the participants in the solicitation is set forth in the definitive proxy statement filed by Chicago Mercantile Exchange Holdings Inc. with the SEC on February 24, 2004.