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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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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The following communication was distributed to owners of shares of
Class B-2 common stock of Chicago Mercantile Exchange Holdings Inc. on or
about March 19, 2003:
RICHARD (ROCKET) APPEL
DRA
A REQUEST FOR YOUR SUPPORT
My name is Richard (Rocket) Appel and I am a candidate for the CLASS B-2 BOARD
OF DIRECTORS SEAT at the Chicago Mercantile Exchange this April 2003.
I wish to take this opportunity to introduce myself to those who I have not
worked with or who do not know who I am and what I feel are the important
issues today and tomorrow at the CME.
CURRENT EVENTS:
While the last two years have been productive with large increase in volume,
most of us who have been here for more than two years know that economies,
markets and business structures change; and not always for the best.
A PRIORITY FOR THE NEXT TWO YEARS SHOULD BE AS FOLLOWS:
1. WE NEED THE CME TO AID IN THE EXPANSION OF OUR CUSTOMER AND PRODUCT
BASE. IN OTHER WORDS-WE NEED TO BUILD NEW BUSINESS FOR OUR EXCHANGE.
The marketing of the CME through our FCM's, direct customer calls,
and directed advertisement will help to maintain and expand our
customer base and hold our market share from decreasing to outside
competitive exchanges who only offer electronic platform trading
through the premise of lower cost trading. Eagle and Globex side by
side trading will enable our customers to choose their most efficient
access to our liquid markets; and advantage that "electronic only"
markets cannot provide.
2. WE NEED TO HAVE ON-GOING REVIEW OF OUR FLOOR CONFIGURATION AND USAGE.
We have heard rumors in the past that some members of our broker
community always resist change as a function solely for self
interest. I can only say that if this were wholly true, there would
be fewer new brokers an potentially some locals who would not have
the positions they have today.
The floor community I know has always been adaptive and resourceful
in its responsibility to change as long as there is merit to the
changes and the benefits are open to the majority of the
participants. The problem seems to be that there is not enough direct
communication between staff and floor to focus on areas of concern
and as for suggestions or resolution.
We have a lot of talented people on the floor and they should be
advised and kept abreast of any major changes. They too are members
and owners of the new CME.
PLEASE READ DISCLAIMER ON REVERSE
Chicago Mercantile Exchange Holdings Inc. has filed a definitive proxy
statement with the Securities and Exchange Commission ("SEC") regarding the
Annual Meeting of Shareholders to be held on April 22, 2003. Shareholders of
Chicago Mercantile Exchange Holdings Inc. are urged to read the definitive
proxy statement and any other relevant materials filed by Chicago Mercantile
Exchange Holdings Inc. with the SEC because they contain, or will contain,
important information about Chicago Mercantile Exchange Holdings Inc. and the
Annual 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
free copies of these documents by contacting Chicago Mercantile Exchange
Holdings Inc., Shareholder Relations and Membership Services, 30 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 Annual Meeting.
The preceding letter was prepared and distributed solely by the candidate. The
views and opinions expressed therein are solely those of the candidate and do
not necessarily reflect the views or opinions of Chicago Mercantile Exchange
Holdings Inc. or its directors, officers or employees, nor have these views or
opinions been approved or sanctioned by any of them.