News Release

NYMEX to Change Margins for Some Seasonal, Annual Nitrogen Oxide Emission Allowance Futures Contracts

Wed May 14 2008

NEW YORK, N.Y., May 14, 2008 -- The New York Mercantile Exchange, Inc. today announced margin changes for some of its seasonal and annual nitrogen oxide emission allowance futures contracts, beginning at the close of business on May 16.

 Margins for the 2009 and 2012 vintages of the seasonal nitrogen oxide emission allowance futures contract will increase to $1,300 from $800 for clearing members, to $1,430 from $880 for members, and to $1,755 from $1,080 for customers.

 Margins for the 2010 vintage of the annual nitrogen oxide emission allowance futures contract will increase to $5,000 from $2,500 for clearing members, to $5,500 from $2,750 for members, and to $6,750 from $3,375 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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