News Release

Exchange Announces Position Limits, Accountability Levels, and Spot Month Margin Assessments for New Gasoil Futures Contract

Thu Apr 07 2005
NEW YORK, N.Y., April 7, 2005 — The New York Mercantile Exchange, Inc., today announced the position limits, accountability levels, and spot month margin assessments for its new Northwest Europe gasoil futures contract that will launch for open outcry trading in Dublin tomorrow.

The position accountability levels for the new contracts will be 7,000 contracts for any single month or all months, with the exception of a 1,000-contract level for the last three days of the expiring contract. Clearing members must identify customers with a position of 25 contracts or more to the Exchange.

The spot assessments will be $2,250 for clearing members, $2,475 for members, and $3,038 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.

Corporate Communications

+1 312 930 3434