News Release

Exchange Sets Record for Clearing Off-Exchange Transactions

Wed Jan 26 2005
NEW YORK, N.Y., January 26, 2005 — The New York Mercantile Exchange, Inc., announced today that a record 162,403 off–exchange contracts were cleared through NYMEX ClearPortsm yesterday, exceeding the previous record of 147,153 contracts on November 4, 2004.

The PJM financially settled monthly futures contract traded 7,110 contracts yesterday, breaking the previous daily record of 3,699 contracts traded on May 12, 2004.

Exchange President James E. Newsome said, "These latest records and our recently crossing the 3 million contracts open interest milestone demonstrate the confidence that market participants have in NYMEX ClearPortsm as a reliable tool for mitigating counterparty credit risk. With more than 100 energy contracts offered through NYMEX ClearPortsm, the off–exchange clearing system is an excellent complement to our open outcry futures and options contracts and offers increased flexibility and transparency in today' dynamic energy markets."

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This press release may contain forward–looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results. Forward–looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward–looking statements. In particular, the forward–looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets. We assume no obligation to update or supplement our forward–looking statements.

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