News Release

NYMEX to Launch Singapore 380cst Fuel Oil Futures Contract on CME Globex®

Wed Sep 13 2006

NEW YORK, Sept. 13 /PRNewswire/ -- The New York Mercantile Exchange, Inc. announced today that it will launch a new Singapore 380cst fuel oil futures contract on the CME Globex electronic trading platform, beginning on September 24 for trade date September 25. This is the first NYMEX contract to feature physical delivery outside of the United States.

The contract, which will have the code HZ, will deliver 380cst high sulfur fuel oil, with maximum sulfur of 4.0%, in Singapore. It will be 100 metric tons with a minimum price fluctuation of $0.01 per metric ton. The last trading day will be the fifth to last Singapore business day prior to the start of the delivery month.

NYMEX will list the contract for 36 consecutive months. It will also be available for exchange of futures for physicals (EFP) and exchange of futures for swaps (EFS) transactions on NYMEX ClearPort® from 6:00 PM Sunday through 5:15 PM Friday, with a 45-minute break between 5:15 PM and 6:00 PM on Mondays through Thursdays.

Fees for trading the contract will be $0.50 per side for members and $0.95 per side for non-members.

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.

SOURCE: Chicago Mercantile Exchange

CONTACT: Allan Schoenberg of CME, +1-312-930-8189

Web site:

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