News Release

NYMEX to Change Margins for RBOB Gasoline Futures Contracts

Wed Mar 19 2008

NEW YORK, N.Y., March 19, 2008 -- The New York Mercantile Exchange, Inc. announced today that it will change margins for the RBOB gasoline, RBOB financial, RBOB calendar swap, and NYMEX miNYTM RBOB futures contracts, effective at the close of business tomorrow. 

Margins for the first month of the RBOB gasoline, RBOB financial, and RBOB calendar swap futures contracts will increase to $6,500 from $6,000 for clearing members, to $7,150 from $6,600 for members, and to $8,775 from $8,100 for customers. The margins for the second to sixth months will increase to $6,000 from $5,500 for clearing members, to $6,600 from $6,050 for members, and to $8,100 from $7,425 for customers. Margins for the seventh to 10th months will increase to $5,000 from $4,750 for clearing members, to $5,500 from $5,225 for members, and to $6,750 from $6,413 for customers. The margins for all other months will increase to $4,750 from $4,500 for clearing members, to $5,225 from $4,950 for members, and to $6,413 from $6,075 for customers.

Margins for the first month of the NYMEX miNY RBOB gasoline futures contract will increase to $3,250 from $3,000 for clearing members, to $3,575 from $3,300 for members, and to $4,388 from $4,050 for customers. The margins for the second to sixth months will increase to $3,000 from $2,750 for clearing members, to $3,300 from $3,025 for members, and to $4,050 from $3,713 for customers. Margins for the seventh to 10th months will increase to $2,500 from $2,375 for clearing members, to $2,750 from $2,613 for members, and to $3,375 from $3,206 for customers. The margins for all other months will increase to $2,375 from $2,250 for clearing members, to $2,613 from $2,475 for members, and to $3,206 from $3,038 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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