News Release

Exchange Annuonces Position Limits and Accountability Levels for New Natural Gas Futures Contracts

Wed Apr 20 2005
NEW YORK, N.Y., April 20, 2005 — The New York Mercantile Exchange, Inc., today announced the position limits and accountability levels for its 16 new natural gas index and swing futures contracts that will launch for trading and clearing on NYMEX ClearPortsm on April 25.

The position accountability levels for all 16 new contracts will be 10,000 contracts for any single month or all months. For the last three days of the expiring month, San Juan swing futures, Kern Opal swing futures, SoCal swing futures, PG&E Citygate swing futures, Dominion, South Point swing futures, San Juan index futures, Rockies index futures, SoCal index futures, PG&E Citygate index futures, and Dominion index futures contracts have a 2,000-contract position accountability level; TETCO M-3 swing futures, Transco Zone 6 swing futures contracts, TETCO M-3 index futures, and Transco Zone 6 index futures contracts have a 1,500-contract position accountability level; and Sumas swing futures and Sumas index futures contracts have a 1,000-contract position accountability level. Clearing members must identify customers with a position of 25 contracts or more to the Exchange.


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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