News Release

Exchange to Add Trading Months for Gasoline Calendar Spread Options

Thu Feb 17 2005
NEW YORK, N.Y., February 17, 2005 — The New York Mercantile Exchange, Inc., announced today that it will begin listing new calendar spread options contracts based on the June to September and September to December differentials of the gasoline futures contract tomorrow.

In addition, an options contract on the spread between December 2005 and March 2006 will be added on March 1, when the March 2006 underlying futures contract is initially listed.

The 12 consecutive one-month spreads and the options on spreads between the first and third nearby months, the first and fourth nearby months, and the second and fourth nearby months will continue to be listed.

Exchange President James E. Newsome said, "The Exchange expanded the listed months for gasoline calendar spread options contracts to provide market participants with more versatile risk management and arbitrage opportunities."

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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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