News Release

NYMEX to Change Margins for RBOB Gasoline Futures Contracts

Tue Jul 01 2008

NEW YORK, N.Y., July 1, 2008 -- The New York Mercantile Exchange, Inc. announced today 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 $9,000 from $8,750 for clearing members, to $9,900 from $9,625 for members, and to $12,150 from $11,813 for customers. The margins for the second and third months will increase to $8,500 from $8,250 for clearing members, to $9,350 from $9,075 for members, and to $11,475 from $11,138 for customers. Margins for the fourth to 10th months will increase to $7,750 from $7,500 for clearing members, to $8,525 from $8,250 for members, and to $10,463 from $10,125 customers. Margins for all other months will increase to $7,500 from $7,250 for clearing members, to $8,250 from $7,975 for members, and to $10,125 from $9,788 for customers.

Margins for the first month of the NYMEX miNY RBOB gasoline futures contract will increase to $4,500 from $4,375 for clearing members, to $4,950 from $4,813 for members, and to $6,075 from $5,906 for customers. The margins for the second and third months will increase to $4,250 from $4,125 for clearing members, to $4,675 from $4,538 for members, and to $5,738 from $5,569 for customers. Margins for the fourth to 10th months will increase to $3,875 from $3,750 for clearing members, to $4,263 from $4,125 for members, and to $5,231 from $5,063 for customers. Margins for all other months will increase to $3,750 from $3,625 for clearing members, to $4,125 from $3,988 for members, and to $5,063 from $4,894 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:  Brenda Guzman, 212-299-2436 or Anu Ahluwalia, 212-299-2439

 

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