Changes Effected to the Binary NAR Housing Price Contracts

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.2 and §40.6(a), the HedgeStreet Rule and Instrument Committees have approved a) amendments to the Payout Criteria for certain Binary NAR Quarterly Housing Price Contracts; b) the addition of new Bi-Annual contracts to all Binary NAR Housing Price Contracts and c) the introduction of terms and conditions for three (3) new Binary Housing Price Contracts represented by Rules 12.50-12.52 listed below:

Rule 12.50 NAR LAS VEGAS BINARY HEDGELET CONTRACTS

Rule 12.51 NAR DENVER BINARY HEDGELET CONTRACTS

Rule 12.52 NAR WASHINGTON, DC BINARY HEDGELET CONTRACTS

These additions/amendments were made effective at the start of business on Friday, February 23, 2007.

Click here to view the various rule additions/amendments.