News Release

NYMEX to Change Expiration Position Month Limits for Some of its Futures Contracts

Tue Dec 11 2007

New York, N.Y., December 11, 2007 - The New York Mercantile Exchange, Inc. today announced it will decrease the expiration month position limits for some of its futures contract, effective at the close of business today.

Position limits for the COMEX London primary aluminum futures contract will decrease to 800 contracts from 1,500. 

The position limits for the COMEX London SHG zinc futures contract will decrease to 275 contracts from 1,500.

Position limits for the NYMEX cocoa futures contract will decrease to 300 contracts from 750.

The position limits for the NYMEX coffee futures contract will decrease to 100 contracts from 500.  

Position limits for the NYMEX cotton futures contract will decrease to 50 contracts from 300.  

The position limits for the NYMEX No.11 sugar futures contract will decrease to 100 contracts from 5,000. 

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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: Brenda Guzman 212-299-2436 or Keil Decker, 212-299-2209

 

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