News Release

NYMEX Holdings, Inc. Reports Second Quarter and Six Month 2007 Results

Tue Jul 31 2007

NEW YORK, July 31 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. (NYSE: NMX), parent company of the New York Mercantile Exchange, Inc. (NYMEX), today reported that total operating revenues for the second quarter ended June 30, 2007 rose 34% to $163.6 million compared to $122.5 million for the second quarter 2006. Net income for the second quarter 2007 increased 9% to $41.7 million compared to $38.1 million for the second quarter 2006, including a one-time, pretax charge of $26.0 million related to an impairment of the NYMEX investment in energy derivatives broker Optionable, Inc. Diluted earnings per share for the second quarter 2007 were $0.44, based on 94.8 million shares outstanding, compared to $0.44, based on 81.6 million shares outstanding for the second quarter 2006.

In connection with NYMEX's acquisition of a 19% stake in energy derivatives broker Optionable, Inc. completed on April 10, 2007, we have determined that the value of our investment has been impaired and have thus recorded a one-time, pretax charge to earnings in the second quarter of $26.0 million, or $0.16 per share. Excluding the one time charge, net income increased 48% to $56.4 million, and diluted earnings per share was $0.60 for the second quarter.

For the six months ended June 30, 2007, NYMEX reported record total operating revenues of $327.8 million, a 40 % increase from $234.2 million for the first half of 2006. Net income rose 37% to $98.0 million, versus $71.8 million in the first half of 2006. Diluted earnings per share for the 2007 first half was $1.03 versus $0.88 per diluted share in the 2006 period, based on 94.8 million and 78.4 million shares outstanding, respectively. Excluding the one-time charge, net income increased 57% to $112.6 million and diluted earnings per share was $1.19 for the 2007 six month period.

"We are pleased to deliver another quarter of solid operating performance as we continue to deliver on our strategic goals," commented NYMEX Chairman, Richard Schaeffer. "We have continued to achieve volume or open interest records in a number of our benchmark futures and options contracts, including crude oil, RBOB gasoline, heating oil and gold. Our long term strategic initiative in Dubai was furthered by the launch of our Dubai Mercantile Exchange, representing a significant achievement in offering another benchmark to global risk managers and users of sour crude, and demonstrates our expertise in launching products and developing new marketplaces globally. We continue our efforts to implement our growth initiatives to expand global distribution."

NYMEX President and Chief Executive Officer James E. Newsome stated, "In our Dubai strategic venture, we are pleased by the consistent progress our Dubai Mercantile Exchange venture has achieved through launch and continued growth in volume and open interest. We continue to believe the Oman crude contract will become the sour crude contract of choice for global risk managers and users. As the energy and metals industry leader and innovator, we remain focused on satisfying evolving customer demand by bringing to market new contracts, such as a new last day Brent contract, as well as diesel, ethanol and our recently announced steel futures. We also launched energy and metals options on CME Globex®, as well as on our NYMEX ClearPort® clearing platform, which is part of our strategy to provide multiple venues for our users to trade and clear contracts. We continue our efforts to realize improvements in profitability."

Second Quarter Results

Clearing and transaction fees rose 33% for the second quarter 2007 to $137.4 million compared to $103.3 million for the year ago period. An increased fee schedule which applied to NYMEX Division member rates became effective May 1, and was in effect for two months of the second quarter. Market data fees increased 47% for the second quarter 2007, to $23.4 million versus $15.9 million for the second quarter 2006.

Average daily volume was 1.396 million contracts during the second quarter 2007, a 23% increase over the second quarter of 2006. NYMEX electronic volume on CME Globex was an average of 608,000 contracts per day and represented a 443% increase over second quarter 2006 electronic volume. NYMEX floor-traded energy futures and options averaged 257,000 contracts a day for the second quarter of 2007, versus 537,000 contracts per day for the same period of 2006. COMEX electronic volume on CME Globex averaged 101,000 contracts per day, an increase of 494% over second quarter 2006 electronic volume. COMEX metals open outcry average daily volume was 42,000 contracts for the second quarter of 2007, versus 128,000 contracts per day for the same period of 2006. Average daily volume on NYMEX ClearPort increased 12% in the second quarter of 2007 to 309,000 contracts, from 276,000 contracts in the comparable period of 2006. The remaining volume of 79,000 trades per day consisted of other transactions which includes position transfers and exchanges.

Total operating expenses, excluding direct transaction costs of $24.3 million, were $41.8 million for the second quarter of 2007. This represents an 8% decrease from $45.3 million for the same period in 2006, driven primarily by the Company's cost cutting initiatives.

Income before provision for income taxes was $74.0 million for the second quarter 2007, compared to $69.3 million for the second quarter 2006. Excluding the one-time charge, income before provision for income taxes was $100.0 million. Pretax margin, defined as income before provision for income taxes divided by operating revenues, investment income and interest income from securities lending (net of interest expense/fees from securities lending and direct transaction costs), was 51% in the second quarter 2007, compared to 59% in second quarter 2006. Excluding the one-time charge, pretax margin was 68%.

Six Month Results

Clearing and transaction fees rose 41% for the six months ended June 30, 2007 to $275.6 million, compared to $195.8 million for the year ago period. Market data fees were $46.5 million for the six month period, versus $31.3 million for the six months of 2006, an increase of 49%.

Average daily volume for the first six months of 2007 was 1.454 million contracts, a 31% increase over the first six months of 2006. NYMEX electronic volume on CME Globex was an average of 603,000 contracts per day and represented a 464% increase over the six month period of 2006 electronic volume. NYMEX floor-traded energy futures and options averaged 293,000 contracts a day for the first six months of 2007. COMEX electronic volume on CME Globex averaged 96,000 contracts per day, an increase of 586% over the first six months of 2006 electronic volume. COMEX metals open outcry average daily volume was 49,000 contracts a day for the first half of 2007. Average daily volume on NYMEX ClearPort increased 31% in the first half of 2007 to 340,000 contracts, from 259,000 contracts in the comparable period of 2006. The remaining volume of 73,000 trades per day consisted of other transactions which includes position transfers and exchanges.

Total operating expenses for the first half of 2007, excluding direct transaction costs of $48.4 million, were $86.2 million. This represents a 3% decrease from $88.5 million for the same period in 2006, driven primarily by the Company's cost cutting initiatives.

Income before provision for income taxes was $173.7 million for the first six months of 2007, compared to $131.1 million for the same period of 2006. Excluding the one-time charge, income before provision for income taxes was $199.7 million for the first six months of 2007. Pretax margin, defined as income before provision for income taxes divided by operating revenues, investment income and interest income from securities lending (net of interest expense/fees from securities lending and direct transaction costs), was 59% in the first half of 2007 and 2006. Excluding the one-time charge, pretax margin was 68% for the first six months of 2007.

Investor Conference Call / Webcast Details

NYMEX will hold a conference call to discuss 2007 second quarter and six month results today, July 31, 2007 at 8:00 AM Eastern Time. Those wishing to participate in the conference call can dial (800) 299-7928 (U.S. and Canada) or (617) 614-3926 (International), using the confirmation code 98223409. A live audio webcast of the call will also be available on the Investor Relations section of the NYMEX website at http://investor.nymex.com/. Additionally, an archived version of the conference call will also be available within approximately 90 minutes of the conclusion of the call.

About NYMEX Holdings, Inc.

NYMEX Holdings, Inc. (NYSE: NMX) is the parent company of the New York Mercantile Exchange, Inc. (NYMEX), the world's largest physical commodity futures and options exchange. NYMEX offers futures and options trading in energy, metals and soft commodities contracts and clearing services for more than 320 off-exchange energy contracts. Through a hybrid model of open outcry floor trading and electronic trading on CME Globex® and NYMEX ClearPort®, NYMEX offers crude oil, petroleum products, natural gas, coal, electricity, gold, silver, copper, aluminum, platinum group metals, and soft commodities contracts for trading and clearing virtually 24 hours a day. Further information about NYMEX Holdings, Inc. and the New York Mercantile Exchange, Inc. is available on the NYMEX website at http://www.nymex.com/.

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.

                             (Tables Follow)


                  NYMEX HOLDINGS, INC. AND SUBSIDIARIES
         CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
                  (in thousands, except for share data)

                              Three Months Ended       Six Months Ended
                                    June 30,               June 30,
  Operating Revenues             2007        2006        2007        2006
    Clearing and
     transaction fees        $137,390    $103,346    $275,567    $195,766
    Market data fees           23,363      15,912      46,500      31,294
    Other, net                  2,844       3,257       5,756       7,125
       Total operating
        revenues              163,597     122,515     327,823     234,185

  Operating Expenses
    Direct transaction
     costs                     24,318       8,054      48,420      14,937
    Salaries and employee
     benefits                  20,482      19,172      41,520      37,486
    Occupancy and
     equipment                  5,604       5,793      11,547      14,038
    Depreciation and
     amortization, net of
     deferred credit
     amortization               3,614       4,914       7,145       8,248
    General and
     administrative             4,945       5,332       9,642      10,630
    Professional services       3,922       4,207       8,108       7,533
    Telecommunications          1,417       1,813       2,840       3,491
    Marketing                   1,626       1,826       3,559       2,739
    Other expenses                182       2,200       1,843       4,350
       Total operating
        expenses               66,110      53,311     134,624     103,452

    Operating income           97,487      69,204     193,199     130,733

  Non-Operating Income and
   Expenses
    Investment income           6,133       1,354      12,840       2,814
    Interest income from
     securities lending        31,087      33,275      60,493      60,517
    Interest expense/fees
     from securities
     lending                  (30,136)    (32,444)    (59,025)    (58,900)
    Interest expense           (1,612)     (1,666)     (3,224)     (3,334)
    Losses from
     unconsolidated
     investments              (28,944)       (382)    (30,587)       (776)
       Total non-operating
        income and expenses   (23,472)        137     (19,503)        321

    Income before
     provision for income
     taxes                     74,015      69,341     173,696     131,054
    Provision for income
     taxes                     32,270      31,208      75,731      59,288

    Net income                $41,745     $38,133     $97,965     $71,766



  Proforma weighted
   average common shares
   outstanding and
   earnings per share
   retroactively
   adjusted to reflect
   the 90,000-for-1
   recapitalization on
   March 14, 2006:

  Earnings per Share
    Basic                       $0.44       $0.44       $1.04       $0.88
    Diluted                     $0.44       $0.44       $1.03       $0.88
  Weighted Average Number
   of Common Shares
   Outstanding
    Basic                  94,450,000  81,600,000  94,450,000  78,354,000
    Diluted                94,798,000  81,600,000  94,784,000  78,354,000



                  NYMEX HOLDINGS, INC. AND SUBSIDIARIES
                  CONDENSED CONSOLIDATED BALANCE SHEETS
                              (in thousands)

                                             (Unaudited)
                                                June 30,       December 31,
                   Assets                           2007              2006
      Cash and cash equivalents                  $17,112           $18,631
      Collateral from securities
       lending program                         2,331,507         2,547,312
      Marketable securities, at market
       value                                     455,740           485,581
      Clearing and transaction fees
       receivable, net of allowance for
       member credits                             47,780            32,853
      Prepaid expenses                             7,234             7,009
      Margin deposits and guaranty
       funds                                       8,418            17,052
      Other current assets                        43,691            10,238
             Total current assets              2,911,482         3,118,676

      Property and equipment, net                178,532           183,193
      Goodwill and indefinite-lived
       intangible asset                          307,125           307,125
      Long-term investments                      118,422             3,008
      Other assets                                 9,499            11,929
             Total assets                     $3,525,060        $3,623,931

       Liabilities and Stockholders' Equity
      Accounts payable and accrued
       liabilities                               $16,670           $14,854
      Accrued salaries and related
       liabilities                                12,563            13,688
      Payable under securities lending
       program                                 2,331,507         2,547,312
      Margin deposits and guaranty
       funds                                       8,418            17,052
      Income tax payable                           7,586             4,984
      Other current liabilities                   32,852            35,019
             Total current liabilities         2,409,596         2,632,909

      Grant for building construction
       deferred credit                           105,093           106,166
      Long-term debt                              80,281            80,281
      Retirement obligation                       11,966            12,367
      Other liabilities                           29,824            17,286
               Total liabilities               2,636,760         2,849,009

               Total stockholders'
                equity                           888,300           774,922
               Total liabilities and
                stockholders' equity          $3,525,060        $3,623,931



                         Non-GAAP Reconciliation

  The following table reconciles net income to adjusted net income and
  calculates adjusted earnings per common share on adjusted income.

                                        (in thousands, except share amounts)
                                             Three Months       Six Months
                                                 Ended             Ended
                                             June 30, 2007     June 30, 2007
  Net income                                     $41,745           $97,965
     Add:  Impairment loss on
      investment in Optionable                    25,962            25,962
     Less:  Effective tax rate benefit
      of impairment loss on investment in
      Optionable                                  11,319            11,319

  Adjusted net income                            $56,388          $112,608

  Earnings per common share on net
   income:
     Basic                                         $0.44             $1.04
     Diluted                                       $0.44             $1.03

  Adjusted earnings per common share on
   adjusted net income:
     Adjusted basic                                $0.60             $1.19
     Adjusted diluted                              $0.60             $1.19

  Weighted average common shares
   outstanding:
     Basic                                    94,450,000        94,450,000
     Diluted                                  94,798,000        94,784,000



                                 Q2 2007  Q1 2007  Q4 2006  Q3 2006  Q2 2006
  Trading Days                      63       61       62       62       63


                           Average Daily Volume
        (round turns, in thousands, difference is due to rounding)

                                 Q2 2007  Q1 2007  Q4 2006  Q3 2006  Q2 2006
  NYMEX Floor                      257      330      362      528      537
  NYMEX Electronic                 608      597      368      197      112

  COMEX Floor                       42       56       76       88      128
  COMEX Electronic                 101       90       16        8       17

  NYMEX ClearPort                  309      373      302      436      276

  Other                             79       68       75       65       64
  Total                          1,396    1,513    1,199    1,324    1,132



          Gross Clearing and Transaction Revenue (in thousands)

                            Q2 2007   Q1 2007   Q4 2006   Q3 2006   Q2 2006
  NYMEX Floor               $19,966   $23,664   $24,497   $36,097   $37,453
  NYMEX Electronic           50,520    43,271    24,953    18,260    13,035

  COMEX Floor                 3,249     4,244     5,795     6,711    10,136
  COMEX Electronic            9,791     8,253     2,000     1,736     3,508

  NYMEX ClearPort            44,281    49,609    38,837    48,326    32,029

  Other                       9,583     9,136     8,683     8,069     7,185
  Total                    $137,390  $138,177  $104,765  $119,200  $103,346



                          Net Rates Per Contract

                                 Q2 2007  Q1 2007  Q4 2006  Q3 2006  Q2 2006
  NYMEX Floor                      $1.23   $1.18    $1.10    $1.10    $1.11
  NYMEX Electronic                  1.02    0.89     0.70     1.07     1.85

  COMEX Floor                       1.24    1.25     1.23     1.22     1.26
  COMEX Electronic                  1.19    1.20     1.99     3.35     3.36

  NYMEX ClearPort                   1.72    1.66     1.58     1.36     1.42

  Other                             1.92    2.19     1.88     2.00     1.81

  Total Net RPC                     1.29    1.24     1.17     1.25     1.33
        Direct Cost                 0.28    0.26     0.24     0.20     0.12
  Gross RPC                        $1.56   $1.50    $1.41    $1.45    $1.45

SOURCE: NYMEX Holdings, Inc.

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

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

Corporate Communications

+1 312 930 3434
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