News Release

NYMEX to Change Margins for Gold Futures Contracts

Wed Jul 02 2008

NEW YORK, N.Y., July 2, 2008 -- The New York Mercantile Exchange, Inc. announced today that it will change margins for its gold futures contracts, effective at the close of business tomorrow. 

Gold futures margins will increase to $3,750 from $3,250 for clearing and non-clearing members and to $5,063 from $4,388 for customers.

Margins for the Asian gold futures contract will increase to $1,206 from $1,045 for clearing and non-clearing members and to $1,628 from $1,411 for customers.

Margins for the COMEX miNYTM gold futures contract will increase to $1,875 from $1,625 for clearing and non-clearing members and to $2,531 from $2,194 for customers.

 

###

 

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

Corporate Communications

+1 312 930 3434
Email