News Release

NYMEX Europe to Offer Reduced Brent Crude Oil Futures, Receives No Action Regulatory Relief from CFTC

Thu Jan 26 2006

NEW YORK, N.Y. & London, U.K., January 26, 2006 — NYMEX Europe Limited (NEL) received agreement from the Financial Services Authority (FSA) to launch a NYMEX Europe miNY Brent crude oil futures contract in London. It also received no-action regulatory relief from the Commodity Futures Trading Commission (CFTC) Division of Market Oversight pertaining to direct access from within the United States for electronic trading of NYMEX Europe products.

After conducting two months of due diligence, the FSA agreed to NEL's listing of a Brent miNYTM crude oil futures contract, which is scheduled to launch on February 6.

Samuel Gaer, chief executive officer of NYMEX Europe, said, "The NYMEX miNYs have seen great success in the U.S., so we are pleased to offer this additional risk management tool to the European energy trading community. Traders will benefit greatly from the stability of the NYMEX ClearPort® trading platform, combined with the financial security and capital efficiencies of the NYMEX clearinghouse. The more than 90 firms who have registered to trade on NYMEX ClearPort® will now have additional tools to create an international risk management portfolio."

The CFTC staff letter granted NYMEX Europe regulatory relief for NEL products that could be accessed electronically for trading from the United States by certain eligible users. In general, direct access to screen trading of NYMEX Europe products is now available to NEL members who trade for their own accounts through the applicable electronic trading system(s) (ETS) used by NEL for its products; NEL members who are registered with the CFTC as futures commission merchants (FCM) and who submit orders from or on behalf of U.S. customers to the ETS; NEL members who are registered with the CFTC as FCMs and that accept orders transmitted to them through an automated order routing system for transmission to the ETS; and NEL members who are registered with the CFTC as commodity pool operators or as commodity trading advisors and who wish to submit orders on behalf of U.S. pools they operate or U.S. customer accounts for which they have discretionary authority, provided that a NYMEX clearing member that is registered with the CFTC as a FCM acts as a clearing firm for such CPOs or CTAs with respect to all such activity. A copy of the staff no–action letter is linked here:

NYMEX Europe Chairman Roy Leighton said, "In the ever–evolving world of commodity futures, NYMEX Europe is adapting to the changing marketplace. We are striving to make our products as accessible and useful as possible to the energy industry."

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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

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