NEW YORK, Feb. 12 /PRNewswire-FirstCall/ -- The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. , today announced that it will launch four new Brent crude oil options contracts on NYMEX ClearPort and the NYMEX trading floor, beginning on March 2 for trade date March 3.
The new contracts and their commodity codes are: American style Brent crude oil options (OS), European style Brent crude oil look-alike options (BE), WTI-Brent crude oil spread options (BV), and Brent crude oil average price options (BA).
The first listed month will be April 2008. The minimum price fluctuation will be $0.01 per barrel. Fees will be waived for three months.
Strike price intervals for the WTI-Brent crude oil spread options contract will be 10 strike prices in increments of $0.10 per barrel above and below the at-the-money strike price. Strike price intervals for the other contracts will be 10 strike prices in increments of $0.50 per barrel above and below the at-the-month strike price.
For more information, visit 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.
