News Release

NYMEX Praises CFTC Report Calling for New Oversight of Certain Exempt Commercial Markets

Wed Oct 24 2007

NEW YORK, Oct. 24 /PRNewswire-FirstCall/ -- The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), applauds the analysis and recommendations contained in the Commodity Futures Trading Commission's (CFTC) report to Congress issued earlier today. NYMEX has consistently maintained that regulatory reform is necessary in order to promote transparent, fair and orderly markets, and the Commission's report validates this approach.

Exempt commercial market's (ECM) contracts that serve a significant price discovery function trigger a number of public policy concerns and warrant a higher degree of CFTC oversight and regulation. NYMEX agrees with the CFTC's conclusion that these contracts should be subject to large trader reporting, position limits or position accountability, self-regulatory oversight obligations, and emergency authority for both the CFTC and for the ECM itself. These mechanisms have enabled NYMEX to provide market integrity and stability to the energy markets.

NYMEX President and Chief Executive Officer James E. Newsome said, "NYMEX not only commends the Commission for its hard work and thoughtful analysis in issuing this report, but strongly supports the approach the Commission has taken on oversight of the energy markets. As the preeminent exchange in the energy industry, NYMEX is pleased to continue to work with its regulator, the CFTC, and with the industry to establish best practices for the energy markets."

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.

SOURCE: NYMEX Holdings, Inc.

CONTACT: Anu Ahluwalia, +1-212-299-2439, or Keil Decker,
+1-212-299-2209, both of NYMEX Holdings, Inc.

Web site: http://www.nymex.com/

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