News Release

NYMEX to Change Margins for RBOB Gasoline, Related Futures Contracts

Fri Jul 11 2008

New York, N.Y., July 11, 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 on Monday, July 14. 

Margins for the first month of the RBOB gasoline, RBOB financial, and RBOB calendar swap futures contracts will increase to $9,500 from $9,000 for clearing members, to $10,450 from $9,900 for members, and to $12,825 from $12,150 for customers. The margins for the second and fourth months will increase to $9,000 from $8,500 for clearing members, to $9,900 from $9,350 for members, and to $12,150 from $11,475 for customers. Margins for the fifth to 11th months will increase to $8,250 from $7,750 for clearing members, to $9,075 from $8,525 for members, and to $11,138 from $10,463 customers. Margins for all other months will remain unchanged.

Margins for the first month of the NYMEX miNY RBOB gasoline futures contract 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. The margins for the second and fourth months will increase to $4,500 from $4,250 for clearing members, to $4,950 from $4,675 for members, and to $6,075 from $5,738 for customers. Margins for the fifth to 11th months will increase to $4,125 from $3,875 for clearing members, to $4,538 from $4,263 for members, and to $5,569 from $5,231 for customers. Margins for all other months will remain unchanged. 

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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 Tara Stowe, 212-299-2455

 

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