News Release

Exchange to Increase Margins on Some Gasoline and Heating Oil Futures Contracts

Wed Mar 16 2005
NEW YORK, N.Y., March 16, 2005 — The New York Mercantile Exchange, Inc., will increase the margins on its gasoline, New York Harbor gasoline calendar swap, heating oil, and New York Harbor heating oil calendar swap futures contracts at the close of business tomorrow.

Margins on all months of the gasoline and New York Harbor gasoline calendar swap futures contracts and the spot month of the heating oil and New York Harbor heating oil calendar swap futures contracts will increase to $4,000 from $3,500 for clearing members, to $4,400 from $3,850 for members, and to $5,400 from $4,725 for customers.

Margins on the second through sixth months of the heating oil and New York Harbor heating oil calendar swap futures contracts will increase to $3,750 from $3,250 for clearing members, to $4,125 from $3,575 for members, and to $5,063 from $4,388 for customers.

Margins on the seventh through 11th months will increase to $3,000 from $2,500 for clearing members, to $3,300 from $2,750 for members, and to $4,050 from $3,375 for customers.

Margins on all other months remain unchanged.



###

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.

Corporate Communications

+1 312 930 3434
Email