News Release

The Green ExchangeTM Reports Robust First Week Trading Volume in Carbon, US Emissions Contracts

Tue Mar 25 2008

NEW YORK, March 25 /PRNewswire-FirstCall/ -- The Green Exchangeâ„¢, which initiated trading last week in a range of environmental futures and options contracts, reports strong first-week trading in the initial slate of products, establishing it as a leading global marketplace for environmental trading. Trade volume in The Green Exchange's carbon contracts alone totaled 1.59 million tonnes, making it the most successful launch of exchange-traded carbon contracts.

At the close of the holiday-shortened week of trading (Monday, March 17 to Thursday, March 20) The Green Exchange reports the following volume:

  --  European Union carbon allowances futures (EUAs) (all delivery
      dates): 280 contracts
  --  EUA options (all delivery dates): 1,000 contracts
  --  Certified Emissions Reductions (CERs) (all delivery dates): 310
  --  SO2 allowances (all delivery dates): 236 contracts
  --  NOx allowances (all delivery dates; annual and season contracts):
      10 contracts

(Note: Each EUA contract is equal to 1,000 EUAs or 1,000 tonnes of CO2 equivalent. Each CER contract is equal to 1,000 EUAs or 1,000 tonnes of CO2 equivalent. Each SO2 contract is equal to 100 SO2 allowances. Each NOx contract is equal to 10 NOx allowances.)

The Green Exchange offers a comprehensive range of environmental contracts for markets focused on solutions to climate change, air pollution, and other environmental challenges. The first slate of environmental futures and options contracts were introduced on the New York Mercantile Exchange, Inc., the world's largest physical commodities exchange and a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), at 6:00 PM ET, Sunday, March 16 for trade date Monday, March 17. The first transaction, which was for 25 CER futures contracts with December 2008 delivery, was logged shortly after market open.

NYMEX Chairman Richard Schaeffer said, "The strong launch of trading on The Green Exchange marks a significant milestone in global commodity trading. The Green Exchange provides a broad slate of environmental products linked to NYMEX's global energy complex, which provides an unprecedented ability to manage risk and take positions in energy and environmental markets."

In December 2007, The Green Exchange initiative was introduced by NYMEX Holdings, Inc., with Evolution Markets, Morgan Stanley, Credit Suisse, JPMorgan, Merrill Lynch, Tudor Investment and Constellation Energy. On March 12, The Green Exchange announced the addition of Vitol SA and RNK Capital to the initial group of partners. Each company has agreed to work toward building The Green Exchange venture as founding members.

Andrew Ertel, President & CEO of Evolution Markets Inc., said, "The Green Exchange opened strong during an initial week of trading under difficult circumstances on Wall Street. Despite uncertainty in the global financial sector and a holiday-shortened week, we were able to have the best opening week ever for a carbon exchange. We only expect the momentum to continue to build on the strength of its founding members. As we look to enhance market liquidity in global carbon markets and continue to focus on the highest environmental standards, The Green Exchange is well positioned to be the global hub for environmental commodity markets."

About Green Exchange

The Green Exchange initiative was introduced by NYMEX Holdings, Inc. (NYSE: NMX) in December 2007, with Evolution Markets, Morgan Stanley, Credit Suisse, JPMorgan, Merrill Lynch, Tudor Investment, Constellation Energy, Vitol SA, and RNK Capital. The new exchange will offer a comprehensive range of environmental futures, options and swap contracts for markets focused on solutions to climate change, renewable energy and other environmental challenges. For further information about The Green Exchange, please visit

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: The Green Exchange

CONTACT: Keil Decker, +1-212-299-2209, or Anu Ahluwalia,
+1-212-299-2439, both of NYMEX Holdings, Inc.; or Evan A. Ard of Evolution
Markets, +1-914-323-0210,, all for The Green Exchange

Web site:

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