News Release

Exchange to Revise NYMEX ACCESS® Trading Hours, Introduce Outright Trading for Four Crude Oil Contracts

Fri Jan 14 2005
New York, N.Y., January 14, 2005 — The New York Mercantile Exchange, Inc., will introduce outright trading for its Mars blend crude oil; Louisiana light, sweet crude oil; West Texas sour crude oil; and West Texas Intermediate– Midland crude oil futures contracts beginning on Monday, January 17, 2005 (for trade date Tuesday, January 18).

The contracts, which will be traded on the NYMEX ACCESS® electronic trading platform, will be available to trade as outrights beginning at 3:15 PM on Mondays through Thursdays and concluding at 12 noon the following day. On Sundays, the session begins at 7 PM.

These contracts will continue to be available for spread trading with the NYMEX Division light, sweet crude oil futures contract from 3:15 PM on Mondays to Thursdays, concluding at 9:30 AM the following day. On Sundays, the session begins at 7 PM.

Previously, spread trading based was available from 3:15 PM on Mondays through Thursdays and concluded at 1 PM the following day.

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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.

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