News Release

NYMEX Names New Two New Vice Presidents

Mon Jun 19 2006

NEW YORK, NY, June 19, 2006 — The New York Mercantile Exchange, Inc. today announced that it has retained Benjamin Chesir and Christopher Rodriguez as vice presidents.

Mr. Chesir was named vice president and head of new product development and risk marketing. He joins NYMEX from ABN AMRO, Inc., where he served as director and head of risk management for North America. His responsibilities included implementing firm-wide risk systems and analytics such as VaR, volatility, and stress models across multiple asset classes for futures, options, and over-the-counter products; managing market and credit risk for institutional customers, hedge funds, and proprietary ventures; defining and setting margin and position limits; design and implementation of various risk-based financing solutions for tier-one clients; and actively building and marketing generic and commodity-linked structured products, hedging, and trading programs.

Prior to that, Mr. Chesir worked for Merrill Lynch’s corporate and institutional client group in a variety of roles, including futures and options sales trader, trading software developer, project manager, and market data manager. He also worked at Credit Suisse as a software developer for the firm’s foreign exchange and derivatives businesses while earning a masters degree in finance from the Lubin School of Business at Pace University.

Mr. Rodriguez was named vice president of corporate development and strategic planning. He formerly served as a vice president in the global energy futures division at ABN AMRO Inc., where he was responsible for marketing and sales of clearing and financial products for the energy futures division of the global futures group, profit and loss management, new business development, and banking relationship management.

Mr. Rodriguez was previously employed with the New York Mercantile Exchange, Primordial, Inc., USWeb CKS, Accenture, and Verizon Wireless. He earned a bachelor of arts degree in art history and communications and a master of arts degree in communication and information systems from Rutgers University. He also holds a master of business administration from Columbia University.

James E. Newsome, NYMEX President and Chief Executive Officer, said, "We are pleased to have Ben and Chris on board. Each brings a unique set of skills and broad industry experience that will help NYMEX continue to grow.”

 

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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.

 

Contact: Anu Ahluwalia , (212) 299-2439

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