News Release

NYMEX to Change Margins for Eight New Electricity Futures Contract

Thu Mar 06 2008
New York, N.Y., March 6, 2008 --  The New York Mercantile Exchange, Inc. today announced margins for its new cash-settled electricity futures contracts for the Texas market, which launch on March 9 for trade date March 10.
 
Margins for the NYMEX ERCOT broker seller's choice index peak (SNL Energy), NYMEX ERCOT Houston index peak (SNL Energy), NYMEX ERCOT Broker North Index Peak (SNL Energy), and NYMEX ERCOT Broker South Index Peak (SNL Energy) futures contracts will be $6,000 for clearing members, $6,600 for members, and $8,100 for customers. 

Margins for the NYMEX ERCOT broker seller's choice index calendar day peak (SNL Energy), NYMEX ERCOT Houston index calendar day peak (SNL Energy), NYMEX ERCOT Broker North Index calendar day peak (SNL Energy), and NYMEX ERCOT Broker South Index calendar day peak (SNL Energy) futures contracts will be $13,000 for clearing members, $14,300 for members, and $17,550 for customers.
 
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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 or Keil Decker, 212-299-2209

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