News Release

NYMEX Opens Singapore Office, Appoints Director

Tue May 09 2006

New York, N.Y., May 9, 2006 -- The New York Mercantile Exchange, Inc. will open an office in Singapore on May 17.

Jennifer Ilkiw will serve as the director of the Singapore office. Prior to joining NYMEX, she worked with the Monetary Authority of Singapore to help develop Singapore as a commodity derivatives trading center. Ms Ilkiw will aid in the continued development the Asian marketplace for the Exchange, working with clients throughout the Asia Pacific region.

Ms Ilkiw is a committee member of the Financial Women’s Association of Singapore and an active participant in Singapore’s financial community. She earned a bachelors degree in economics from Queens’ University in Canada and a masters of business administration from the University of Toronto in Canada. Ms. Ilkiw also contributed to a textbook on international business in the Asia Pacific published in 2004.

The office is located at Level 30, 6 Battery Rd, Singapore, and can be reached by telephone at 65-6322-8596.

James E. Newsome, NYMEX president and chief executive officer, said, "There has been great interest in our risk management products and services from the Asia Pacific region. We are pleased to provide additional support to our customers in Singapore and recognize the growth potential of financial services in the Asian marketplace.”

 

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