News Release

COMEX Division Sets Record Seat Sale

Wed Dec 07 2005

New York, N.Y., December 7, 2005 —The New York Mercantile Exchange, Inc., announced that a seat on COMEX Division sold for a record $400,000 yesterday.

The previous record of $350,000 was set on September 22, 1980, and reached again on November 30, 2005.

Exchange President James E. Newsome said, "The metals markets have been strong this year, with volume gains across the metals complex. Copper futures have increased more than 25% this year, silver is up 11%, and gold has risen 5% through the end of November."

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