NEW YORK, Dec. 14 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc. , the parent company of the New York Mercantile Exchange, Inc. (NYMEX), announced today that effective January 2, 2008, an updated fee schedule will be put into effect containing per contract price increases for NYMEX and COMEX futures and options products ranging from $0.05 to $0.20 per side. These increases, which were referenced in the Company's November 1, 2007 third quarter earnings announcement as forthcoming, level the rates across the NYMEX and COMEX Divisions. Even with these increases, NYMEX continues to offer the industry's most price competitive venues for energy and metals futures and options trading.
NYMEX futures and options fees on CME Globex(R) electronic trading platform, NYMEX ClearPort(R) Clearing platform, and the NYMEX trading floor will increase $0.10 per side for members, and $0.05 per side for cross division trades. NYMEX non-member customer rates will remain unchanged.
COMEX futures and options fees on the trading floor will increase $0.20 per side for members, $0.15 per side for cross division trades, and $0.10 per side for customers. COMEX futures and options fees on CME Globex will increase $0.10 per side for members and $0.05 per side for cross division trades. COMEX futures and options fees on NYMEX ClearPort will increase $0.20 per side for members, $0.10 per side for cross division trades, and $0.10 per side for customers.
The new fee schedule is subject to a consent process that includes a 15-day notice to the owners of Class A memberships.
The new fee schedule (per side) is as follows: NYMEX Division: Open Outcry, CME Globex and ClearPort Clearing Member Day: $0.45 (Not applicable on ClearPort Clearing) Member Overnight: $0.70 Cross Division (Blended): $0.95 Non-Member: $1.45 EFP, EFS, EOO: Member: $0.70 Cross Division (Blended): $0.95 Non-Member: $1.45 Futures Resulting from Exercise and Assignment: Member: $0.70 Cross Division (Blended): $0.95 Non-Member: $1.45 COMEX Division: Open Outcry, CME Globex, ClearPort Clearing Member Day: $0.45 (Not applicable on ClearPort Clearing) Member Overnight: $0.70 Cross Division: $0.95 Non-Member: $1.45 EFP, EFS, EOO: Member: $0.85 Cross Division (Blended): $1.20 Non-Member: $1.45 Futures Resulting from Exercise and Assignment: Member: $0.70 Cross Division (Blended): $0.95 Non-Member: $1.45 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.
