News Release

Exchange to Add Trading Months for Crude Oil Calendar Spread Options

Tue Mar 01 2005
NEW YORK, N.Y., March 1, 2005 — The New York Mercantile Exchange, Inc., today announced that it will list an additional calendar spread options contract based on the August 2005 to October 2005 differential of the light, sweet crude oil futures contract beginning tomorrow morning.

Other spread combinations currently listed include 12-month spreads for February, March, June, September and all December-to-December spreads; 25 consecutive one-month spreads; spreads between the first and third nearby months and the second and fourth nearby months; and six-month spreads between June and December and December and June.

Exchange President James E. Newsome said, "The Exchange is pleased to provide additional months of its crude oil calendar spread options contract, allowing market participants more flexibility in their risk management strategies."

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Forward Looking and Cautionary Statements
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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