News Release

NYMEX Announces Trading and Processing Schedule for Labor Day Holiday

Thu Aug 23 2007


New York, N.Y., August 23, 2007 -- New York Mercantile Exchange, Inc., today announced a complete trading and processing schedule for August 31 to September 4, 2007 (all in Eastern time): 

Friday August 31

  • Normal floor closing for all products (NYMEX/COMEX). Not an early closing day.
  • NYMEX/COMEX products on CME Globex® open until 5:15 PM (August 31 trade date).
  • NYMEX ClearPort® clearing and trading open until 5:15 PM (August 31 trade date).
  • Large trader reporting (DME) for the August 31 trade date for any clearing members holding DME positions due by midnight. 

Sunday September 2

  • NYMEX/COMEX products on CME Globex open for trading at 6:00 PM (September 4 trade date).
  • NYMEX TAS products on CME Globex are available for trading for September 4 trade date.
  • Day/session orders entered on CME Globex are for the September 4 trade date and will continue working until the market close at 5:15 PM on September 4.
  • NYMEX ClearPort clearing and trading open for trade submission and trading at 6:00 PM (September 4 trade date).
  • Day/session orders entered on DME Direct on NYMEX ClearPort are for the September 4 trade date and will continue working until the market close at 5:15 PM on September 4. 

Monday September 3 (Labor Day)

  • DME intraday settlement price (OSP) to be published at its normal time of 4:30 AM for September 3 calendar date.  No post-close settlement will be published.
  • NYMEX ClearPort clearing and trading open for trading until at 5:15 PM (September 4 trade date).
  • NYMEX/COMEX products on CME Globex open until 5:15 PM (September 4 trade date).   
  • NYMEX TAS products on CME Globex are available for trading for September 4 trade date.
  • Day/session orders entered on CME Globex are for the September 4 trade date and will continue working until the market close at 5:15 PM on September 4.
  • Day/session orders entered on DME Direct on NYMEX ClearPort trading are for the September 4 trade date and will continue working until the market close at 5:15 PM on September 4.
  • NYMEX/COMEX trading floors closed.
  • NYMEX TMS available for trade management for September 4 trade date.
  • Cleared trades API will be available.
  • Markets will not be settled and settlements will not be published, as September 3 is not a trade date or processing date.
  • NYMEX intraday files will not be produced, no clearing will occur, no clearing functionality will be available.
  • Daily SPAN and erosion (NERC holiday) files will not be produced.
  • Options cannot be exercised.
  • There will not be any allocation of energy and metal deliveries or delivery notices and related forms will not be accepted.
  • First normal intraday file generated on calendar date September 4 will contain trades from calendar date September 3 (as all trades are for September 4 trade date).
  • NYMEX/COMEX products on CME Globex resume trading at 6:00 PM (September 4 trade date).
  • NYMEX ClearPort trading and clearing resumes trading at 6:00 PM (September 4 trade date). 

Tuesday September 4

  • Normal schedule resumes for all systems and products.
  • Banking for August 31 clearing cycle will occur.
  • Large trader reporting (NYMEX/COMEX) for August 31 trade date for any clearing members not holding DME positions due by 8:00 AM.
  • Normal erosion for electricity products will occur. Since September 3 is a NERC holiday, “double erosion” is not necessary.               

    The full NYMEX 2007 Holiday Schedule can be found at: http://www.nymex.com/holida_schedu.aspx
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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.

 

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