News Release

NYMEX Commends CFTC on New Energy Initiatives

Thu May 29 2008

NEW YORK, May 29 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. (NYSE: NMX), the parent company of the New York Mercantile Exchange, Inc., the world's largest physical commodities exchange, today issued the following statement regarding the new initiatives announced today by the Commodity Futures Trading Commission (CFTC):

NYMEX commends the Commodity Futures Trading Commission (CFTC) on the multiple initiatives the agency announced today to increase the transparency of energy futures markets.

NYMEX President and Chief Executive Officer James Newsome noted, "NYMEX has advocated for greater transparency of futures activity linked to U.S. exchanges occurring on markets regulated by foreign regulators. I applaud the initiatives put forward today, which can only enhance the CFTC's regulatory mission."

One initiative is intended to expand information-sharing received from the U.K. Financial Services Authority for surveillance of energy commodity contracts with U.S. delivery points, including West Texas Intermediate crude oil futures contracts. In addition, the CFTC announced that it will use its existing authority to begin to require traders in the energy markets to provide the agency with monthly reports of their index trading in order to identify more fully the amount and impact of this type of trading.

Moreover, the CFTC announced its intent to develop a proposal that would routinely require more detailed information from index traders and swaps dealers in the futures markets, and to review whether classification of these types of traders can be improved for regulatory and reporting purposes. Some commentators have recently made sweeping assertions regarding the impact of index traders on the basis of distorted and patently erroneous information. Consequently, the Exchange believes that it will be useful to the development of thoughtful public policy for the CFTC to obtain more precise data so as to better assess the amount and impact of this type of trading in the markets.

Finally, in response to the CFTC's extraordinary step of publicly acknowledging an ongoing investigation into crude oil practices generally, the Exchange simply reaffirms its long-standing commitment to provide full assistance to the CFTC on enforcement matters in order to ensure the integrity of U.S. markets.

About NYMEX Holdings, Inc.

NYMEX Holdings, Inc. (NYSE: NMX) is the parent company of the New York Mercantile Exchange, Inc., the world's largest physical commodities exchange, offering futures and options trading in energy and metals contracts and clearing services for more than 400 off-exchange contracts. Through a hybrid model of open outcry floor trading and electronic trading on CME Globex® and NYMEX ClearPort®, NYMEX offers crude oil, petroleum products, natural gas, coal, electricity, gold, silver, copper, aluminum, platinum group metals, emissions, and soft commodities contracts for trading and clearing virtually 24 hours each day. Further information about NYMEX Holdings, Inc. and the New York Mercantile Exchange, Inc. is available on the NYMEX website at

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: NYMEX Holdings, Inc.

CONTACT: Keil Decker of NYMEX Holdings, Inc., +1-212-299-2209

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