News Release

NYMEX Announces Stake in ConfirmHub LLC

Tue Jun 24 2008

NEW YORK, June 24 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. (NYSE: NMX), the parent company of the New York Mercantile Exchange, Inc., announced today that it has joined interdealer brokers GFI, ICAP, and Tullet Prebon as a 25% stakeholder in ConfirmHub LLC, the energy and environmental industry initiative to provide a central, standardized platform for transaction confirmation delivery. This collaboration among the members in a technology initiative is an industry first and represents a significant commitment to market transparency and efficiency.

NYMEX Chairman Richard Schaeffer said, "NYMEX is proud to be a member of ConfirmHub. We believe that ConfirmHub's standardized electronic confirmation will provide significant advantages to users of NYMEX and its off-exchange brokerage services. NYMEX has always been a supporter of trading innovation and market transparency."

ConfirmHub is a web-based confirmation system offering a broad range of electronic management capabilities, standardized formatting and fully electronic trade matching. By connecting to ConfirmHub users may access all of their trade confirmations from the world's leading energy brokers and the world's largest energy exchange through a simple interface that is enabled to provide state of the art straight-through-processing. ConfirmHub also accepts submission of confirmations by users, regardless of origin, eliminating the need for fax or email confirmation delivery. The basic services of ConfirmHub are free to industry participants.

"NYMEX participation is an exciting step in the growth of the ConfirmHub," said Pat McKinnon, executive director of ConfirmHub. "This is a one of a kind alliance and an industry first. The addition of the NYMEX as a member means that ConfirmHub users now receive vastly greater value from connecting to the service."

  For more on ConfirmHub, go to

  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: Anu Ahluwalia of NYMEX, +1-212-299-2439

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