News Release

NY Commodity Exchanges Announce WTC Commemoration Plans

Fri Sep 02 2005

NEW YORK, NY, September 2, 2005 — The New York Mercantile Exchange and the New York Board of Trade® (NYBOT®) today announced their World Trade Center commemoration plans for Friday, September 9.

The New York Mercantile Exchange metals futures and options markets and the New York Board of Trade Coffee "C"®, Sugar No. 14SM, ethanol, cocoa, Frozen Concentrated Orange Juice (FCOJ), pulp, and financial markets will open on time, and Sugar No. 11SM will have a delayed opening until 9:05 AM. Both exchanges will then observe moments of silence at 8:46 AM, 9:03 AM, 9:59 AM, and 10:29 AM, marking the times that each building was hit by a plane and that each of them collapsed. The markets will remain closed for an additional 30 minutes after the final minute of silence, in memory of each of the former members, staff and clerks affiliated with the two exchanges who died that day, and will reopen at 11:00 AM. Trading and clearing on the New York Mercantile Exchange electronic systems will be closed during the same periods.

Open outcry trading in the New York Mercantile Exchange energy futures and options markets and the New York Board of Trade Cotton No. 2SM and Sugar No. 11 futures and options markets will not open at their regular times, but instead will have a delayed openings, energy at 11:00 AM, cotton pre–open at 11:00 AM (with the opening at 11:05 AM).

The individuals who will be memorialized include:


Evan Baron (Carr Futures)

Dennis Foo (member of COMEX Division of the New York Mercantile Exchange and the New York Board of Trade)

Steven Furman (former NYMEX Division member)

Doug Gardner (member of the New York Board of Trade)

Joseph Heller (COMEX Division Member)

Joseph Holland (NYMEX Division member)

Robert Hussa (former COMEX Division member)

Joseph Kellett (NYMEX Division Member)

Neil Leavy (former COMEX Division member)

James McAlary, Jr. (NYMEX Division member)

Thomas McGinnis (NYMEX Division member)

Mark Motroni (member of NYMEX and NYBOT)

David Nelson (COMEX Division member)

Edward Oliver (NYMEX Division member)

Robert O'Shea (NYMEX Division member)

Patrick O'Shea (member of NYBOT as well as COMEX Division)

Mark Petrocelli (NYMEX Division Brent permit holder)

Edward Ryan (former member of NYMEX and COMEX Divisions)

Joseph Shea (member of NYBOT)

Paul Skrzypek (former NYMEX Division member)

Carlton Valvo (former NYMEX Division member)

Elkin Yuen (NYMEX Division member)

Michael Canty (Carr Futures employee)

Christopher Dincuff (Carr Futures employee)

Brendan Dolan (Carr Futures employee)

Karen Klitzman (former NYMEX vice president of research)

Damian Meehan (Carr Futures employee)

Lonny Stone (Carr Futures employee)

Scott Timmes (Carr Futures employee)

Christopher Traina (Carr Futures employee)

Alfred Vukosa (former NYMEX employee)



The New York Mercantile Exchange moved into its World Financial Center headquarters in July 1997 from its previous home at 4 World Trade Center. After September 11, the exchange was the first in New York to reopen trading when it launched its web-based NYMEX ACCESS® trading system on September 14, 2001, and the first business to reopen west of Ground Zero, when it resumed floor trading on September 17.

The New York Board of Trade’s trading facilities, back offices, and data center were completely destroyed in the September 11 attack. Because the exchange had established an emergency backup facility after the 1993 bombing of the World Trade Center, its trading floor was the first to re—open on September 17, 2001. The New York Board of Trade has operated out of the New York Mercantile Exchange building, leasing trading floor and office space, since September 2003.

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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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