Exhibit A

HEDGE
Street

RULE 12.71 NAR CHICAGO BINARY HEDGELET CONTRACTS
(a) —(e) [unchanged]

(f) PAYOUT CRITERION - The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
NAR Binary Hedgelet Contract, the Payout Criteria for the Contracts will be set as
follows:

(i) [unchanged]
(ii) HedgeStreet may list additional NAR Chicago Binary

Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]
RULE 12.72 NAR LOS ANGELES BINARY HEDGELET CONTRACTS
(a) —(e) [unchanged]

(f) PAYOUT CRITERION -— The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
NAR Los Angeles Binary Hedgelet Contract, the Payout Criteria for the Contracts
will be set as follows:

(i) [unchanged]

(ii) HedgeStreet may list additional NAR Los Angeles Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]
RULE 12.73 NAR MIAMI BINARY HEDGELET CONTRACTS
(a) — (e) [unchanged]

(f) PAYOUT CRITERION — The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
NAR Miami Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) [unchanged]


Exhibit A

HEDGE
Street

(i) [unchanged]

(ii) HedgeStreet may list additional USD/CAD Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) {unchanged}
RULE 12.79 [unchanged]

[End Rulebook]

[the remainder of this page is intended to be blank]


Exhibit A

HEDGE
Street

(ii) HedgeStreet may list additional USD/YEN Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]

RULE 12.63 CURRENCY EXCHANGE USD/CHF BINARY HEDGELET
CONTRACTS

(a) —(e) [unchanged]

(f) PAYOUT CRITERION — The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
USD/CHF Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) [unchanged]

(ii)HedgeStreet may list additional USD/CHF Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]
RULE 12.64 FEDERAL FUNDS BINARY HEDGELET CONTRACTS
(a) —(e) [unchanged]

(f) PAYOUT CRITERION — The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
Federal Funds Binary Hedgelet Contract, the Payout Criteria for the Contracts will
be set as follows:

(i){unchanged]

(ii) HedgeStreet may list additional Federal Funds Rate
Binary Hedgelet Contracts with different ranges of Payout Criteria on a

discretionary basis in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]
RULE 12.65 — RULE 12.70 [unchanged]


Exhibit A

HEDGE
Street

(ii) HedgeStreet may list additional NAR Miami Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]
RULE 12.74 NAR NEW YORK BINARY HEDGELET CONTRACTS
(a) —(e) [unchanged]

(f) PAYOUT CRITERION — The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
NAR New York Binary Hedgelet Contract, the Payout Criteria for the Contracts
will be set as follows:

(i) [unchanged]

(ii) HedgeStreet may list additional NAR New York Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) —(o) [unchanged]
RULE 12.75 NAR SAN DIEGO BINARY HEDGELET CONTRACTS
(a) —(e) [unchanged]

(f) PAYOUT CRITERION -— The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
NAR San Diego Binary Hedgelet Contract, the Payout Criteria for the Contracts
will be set as follows:

(i) [unchanged]

(ii) HedgeStreet may list additional NAR San Diego Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]


HEDGE
Street

May 31, 2006

VIA EMAIL: secretary@cftc.gov

Ms. Eileen A. Donovan, Acting Secretary
Secretary of the Commission

Commodity Futures Trading Commission
3 Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

RE: _ Rule Certification: HedgeStreet® Amends Chapter 12, Section (f);
Discretionary Rule as it Relates to the Payout Criteria for Various Hedgelet
Contracts

Dear Secretary Webb:

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and

30

a
co
aa

§40.6 of the regulations promulgated by the Commodity Futures Trading Commission (the

“Commission”) under the Act, HedgeStreet, Inc. (“HedgeStreet”) hereby notifies the
Commission of its intent to amend Section(f) for various Hedgelet Contracts referenced

under Chapter 12 of the HedgeStreet Rulebook. These amendments are designed to more

accurately define the manner in which discretionary payout criteria will be listed for those

Hedgelet Contracts which are currently trading, and/or any Hedgelet Contracts that may
trade in the future.

The amendments are defined in Exhibit A in accordance with Commission Regulation

§40.6. The rule deletions are stricken out and the amendments or additions are underlined.

HedgeStreet intends to issue these Rule changes on Thursday, June 1, 2006.

No substantive opposing views were expressed to HedgeStreet with respect to these
amendments.

Should you have any questions regarding the above, please do not hesitate to contact
Stephanie Ford by telephone at (650) 638-3511 or by email at sford@hedgestreet.com.

Sincerely,

Stephanie Ford
Vice President, Legal & Compliance

ce: Clarissa Manansala — HedgeStreet , Inc.

www-hedgestreet.com

1825 S. Grant Street
Sulte 500

San Mateo, CA 94402
Tel: 650.638.3500
Fax: 650.638.3501

u

J

‘SLAY
C3AIS04


Exhibit A

HEDGE
Street

RULE 12.76 NAR SAN FRANCISCO BINARY HEDGELET CONTRACTS
(a) — (e) [unchanged]

(f) PAYOUT CRITERION - The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
NAR San Francisco Binary Hedgelet Contract, the Payout Criteria for the Contracts
will be set as follows:

(i) [unchanged]

(ii) HedgeStreet may list additional NAR San Francisco
Binary Hedgelet Contracts with different ranges of Payout Criteria on a
discretionary basis in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]
RULE 12.77 COPPER BINARY HEDGELET CONTRACTS
(a) — (e) [unchanged]

(f) PAYOUT CRITERION - The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
Copper Binary Hedgelet Contract, the Payout Criteria for the Contracts will be set
as follows:

(i) [unchanged]
(ii) HedgeStreet may list additional Copper Binary Hedgelet

Contracts with different ranges of Payout Criteria on a discretionary basis in
accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]

RULE 12.78 CURRENCY EXCHANGE USD/CAD BINARY HEDGELET
CONTRACTS

(a) — (e) [unchanged]

(f) PAYOUT CRITERION -— The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
USD/CAD Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:


Exhibit A

Street

EXHIBIT A

Amendments to Rules 12.58(f), 12.59(f), 12.60(f), 12.61(f), 12.62(f), 12.63(f), 12.64(f,
12.71(f), 12.72(f), 12.73(), 12.74(f), 12.75(f), 12.76(1), 12.77(f), 12.78)
(The following Rule additions are underlined and deletions are stricken out)

RULE 12.58 CONSUMER PRICE INDEX BINARY HEDGELET CONTRACTS
(a) —(e) [unchanged]

(f) PAYOUT CRITERION -— The Payout Criterion for each Contract will be
set by HedgeStreet at the time the Binary Contracts are initially issued. For the
Consumer Price Index Binary Hedgelet Contract, the Payout Criteria for the
Contracts will be set as follows:

(i) [unchanged]

(ii) HedgeStreet may list additional Consumer Price Index
Binary Hedgelet Contracts with different ranges of Payout Criteria on a

discretionary basis in accordance with the CEA and Commission Regulations.

(g)— (0) [unchanged]
RULE 12.59 CRUDE OIL BINARY HEDGELET CONTRACTS
(a) — (e) [unchanged]

(f) PAYOUT CRITERION -— The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
Crude Oil Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) [unchanged]

(ii) HedgeStreet may list additional Crude Oil Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) —(0) [unchanged]

RULE 12.60 CURRENCY EXCHANGE EUR/USD BINARY HEDGELET
CONTRACTS

(a) —(e) [unchanged]


Exhibit A

HEDGE
Street

(f) PAYOUT CRITERION -— The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
EUR/USD Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) [unchanged]

(ii) HedgeStreet may list additional EUR/USD Binary
Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]

RULE 12.61 CURRENCY EXCHANGE GBP/USD BINARY HEDGELET
CONTRACTS

(a) - (e) [unchanged]

(f) PAYOUT CRITERION — The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
GBP/USD Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) [unchanged]

(ii) HedgeStreet may list additional GBP/USD Binary

Hedgelet Contracts with different ranges of Payout Criteria on a discretionary basis
in accordance with the CEA and Commission Regulations.

(g) — (0) [unchanged]

RULE 12.62 CURRENCY EXCHANGE USD/YEN BINARY HEDGELET
CONTRACTS

(a) — (e) [unchanged]

(f) PAYOUT CRITERION — The Payout Criterion for each Contract will
be set by HedgeStreet at the time the Binary Contracts are initially issued. For the
USD/Yen Binary Hedgelet Contract, the Payout Criteria for the Contracts will be
set as follows:

(i) [unchanged]