News Release

NYMEX Europe Retains Interim Chief Compliance Officer

Mon May 16 2005
NEW YORK, N.Y., May 16, 2005 — NYMEX Europe Limited today announced that it has retained the services of John Mackeonis to act as interim chief compliance officer.

Mr. Mackeonis, founding partner of Mpac Consultancy LLP, is a specialist in exchange regulation and compliance. He will advise NYMEX Europe while it seeks recognition as an investment exchange from the Financial Services Authority (FSA) and help hire a permanent chief compliance officer.

Previously, Mr. Mackeonis served as head of markets and regulation at two recognized investment exchanges, the International Petroleum Exchange and CoredealMTS. Prior to that, he was head of supervision of UK Futures Exchanges at the Securities and Investment Board, where he worked with regulators, government bodies, and exchanges globally. He was closely involved with FSA and Her Majesty's Treasury in drafting the new Financial Services and Markets Act and Code of Market Conduct in 2000. Before moving into regulation in 1991, Mr. Mackeonis traded in the futures and derivatives markets.

Samuel Gaer, chief executive officer of NYMEX Europe, said, "We are pleased to have John and his company advise us as we navigate through the regulatory process in London. His wealth of qualifications and experience with exchanges and the futures industry will ensure the development of a world-class compliance program."


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