- NYMEX Electronic Trading Volume Increases 30%
- COMEX Electronic Trading Volume Increases 78%
NEW YORK, May 16 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. (NYSE:
NMX), the parent company of the New York Mercantile Exchange, Inc., the
world's largest physical commodities futures and options exchange, today
announced that average daily volume was 1.712 million contracts for April
2008, a 22% increase from 1.398 million contracts per day in April 2007.
NYMEX electronic volume on the CME Globex(R) electronic trading
platform averaged 772,567 contracts per day for April 2008, representing a
30% increase over 594,311 contracts per day in April 2007 electronic
volume. NYMEX floor-traded energy futures and options averaged 222,466
contracts per day for April 2008.
COMEX electronic volume on CME Globex averaged 169,248 contracts per
day for April 2008, and represented a 78% increase over 95,338 contracts
per day in April 2007 electronic volume. COMEX floor-traded average daily
volume was 39,037 contracts for April 2008.
Average daily volume on NYMEX ClearPort(R) was 428,625 contracts for
April 2008, compared to 318,917 contracts for April 2007, representing a
34% increase. The remaining volume of 80,056 trades per day consisted of
other transactions which include position transfers and exchanges.
Rolling Average Rate Per Contract -- The three month rolling average
gross rate per contract for the period February through April 2008 was
$1.55, while the average net rolling rate per contract, including direct
transaction costs, for the same period was $1.31. April rates per contract
and direct transaction costs are estimated (see Note below).
Final March Rate Per Contract -- The following represents the final
March 2008 rates per contract after adjustments to the estimated rate per
contract we provided last month. Gross average rate per contract across all
venues in March 2008 was $1.56, while the net average rate per contract,
including direct transaction costs, was $1.33. This is compared to a gross
average rate per contract of $1.47, and a net average rate per contract of
$1.22 for March 2007. Direct transaction costs were $9.479 million for
March 2008 versus $7.561 million for March 2007.
Estimated April Rate Per Contract -- The following April average rates
per contract are estimated (see Note below). Gross average rate per
contract across all venues in April 2008 was $1.52, while the net average
rate per contract, including direct transaction costs, was $1.29. This is
compared to gross average rate per contract of $1.53, and a net average
rate per contract of $1.25 for April 2007. Direct transaction costs were an
estimated $8.855 million for April 2008 versus $7.909 million for April
2007.
Note: Because we are providing an additional level of up-to-date
information regarding our recent monthly rates per contract, our volumes
and rates press releases will be issued within approximately ten business
days after the end of the month. Also, the estimated figures are
preliminary and may change due to the fact that the last days of the month
have not been finalized and are thus subject to adjustments and
corrections. Average daily volume is based on 22 trading days for April
2008 and 20 days for April 2007.
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 350 off-exchange energy
contracts. Through a hybrid model of open outcry floor trading and
electronic trading on CME Globex(R) and NYMEX ClearPort(R), 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 http://www.nymex.com.
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.
-Tables Follow-
APRIL AVERAGE DAILY VOLUME
Venue 2008 2007
NYMEX floor 222,466 273,344
NYMEX electronic 772,567 594,311
COMEX floor 39,037 41,554
COMEX electronic 169,248 95,338
NYMEX ClearPort(R) 428,625 318,917
Other 80,056 74,574
Total 1,711,999 1,398,038
THREE MONTH ROLLING AVERAGE DAILY VOLUME
(For the period February through April)
Venue 2008 2007
NYMEX floor 232,068 289,463
NYMEX electronic 823,534 586,664
COMEX floor 42,506 48,357
COMEX electronic 190,783 95,571
NYMEX ClearPort(R) 480,886 340,989
Other 89,439 74,087
Total 1,859,216 1,435,131
MARCH 2008 AVERAGE RATES PER CONTRACT
Venue Net RPC
NYMEX floor $1.58
NYMEX electronic $1.04
COMEX floor $1.68
COMEX electronic $1.40
NYMEX ClearPort(R) $1.55
Other $1.91
Total Average Net Rate $1.33
Direct Transaction Cost $0.23
Total Average Gross Rate $1.56
THREE MONTH ROLLING AVERAGE RATES PER CONTRACT
(For the period January through March 2008)
Venue Net RPC
NYMEX floor $1.59
NYMEX electronic $1.05
COMEX floor $1.64
COMEX electronic $1.36
NYMEX ClearPort(R) $1.49
Other $1.92
Total Average Net Rate $1.32
Direct Transaction Cost $0.25
Total Average Gross Rate $1.57
APRIL 2008 ESTIMATED AVERAGE RATES PER CONTRACT
Venue Net RPC
NYMEX floor $1.59
NYMEX electronic $1.00
COMEX floor $1.72
COMEX electronic $1.36
NYMEX ClearPort(R) $1.47
Other $1.88
Total Average Net Rate $1.29
Direct Transaction Cost $0.23
Total Average Gross Rate $1.52
THREE MONTH ROLLING ESTIMATED AVERAGE RATES PER CONTRACT
(For the period February through April 2008)
Venue Net RPC
NYMEX floor $1.58
NYMEX electronic $1.03
COMEX floor $1.71
COMEX electronic $1.38
NYMEX ClearPort(R) $1.50
Other $1.94
Total Average Net Rate $1.31
Direct Transaction Cost $0.24
Total Average Gross Rate $1.55
SOURCE NYMEX Holdings, Inc.
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Related links:
http://www.nymex.com
CONTACT:
Investors, Keil Decker, +1-212-299-2209, or
Media, Anu Ahluwalia, +1-212-299-2439
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