NYMEX Reports June 2008 Volume Averaged 1.826 Million Contracts Per Day
July 16 2008 - 8:00AM
PR Newswire (US)
- NYMEX Electronic Trading Volume Increases 40% NEW YORK, July 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 1.826 million
contracts for June 2008, a 29% increase from 1.414 million
contracts per day in June 2007. NYMEX electronic volume on the CME
Globex(R) electronic trading platform averaged 889,268 contracts
per day for June 2008, representing a 40% increase over 634,390
contracts per day in June 2007 electronic volume. NYMEX floor-
traded energy futures and options averaged 218,189 contracts per
day for June 2008. COMEX electronic volume on CME Globex averaged
168,701 contracts per day for June 2008, and represented a 65%
increase over 102,307 contracts per day in June 2007 electronic
volume. COMEX floor-traded average daily volume was 37,531
contracts for June 2008. Average daily volume on the NYMEX
ClearPort(R) clearing platform was 406,963 contracts for June 2008,
compared to 305,225 contracts for June 2007, representing a 33%
increase. The remaining volume of 105,532 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 April
through June 2008 was $1.55, while the average net rolling rate per
contract, including direct transaction costs, for the same period
was $1.31. June rates per contract and direct transaction costs are
estimated (see Note below). Final May Rate Per Contract -- The
following represents the final May 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 May
2008 was $1.57, 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 $1.61, and a net average rate per
contract of $1.33 for May 2007. Direct transaction costs were
$9.487 million for May 2008 versus $8.496 million for May 2007.
Estimated June Rate Per Contract -- The following June average
rates per contract are estimated (see Note below). Gross average
rate per contract across all venues in June 2008 was $1.56, while
the net average rate per contract, including direct transaction
costs, was $1.32. This is compared to gross average rate per
contract of $1.54, and a net average rate per contract of $1.28 for
June 2007. Direct transaction costs were an estimated $9.344
million for June 2008 versus $7.914 million for June 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 June 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 21 trading days for June 2008 and 21 days for
June 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 June 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 June 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 June 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- JUNE AVERAGE DAILY VOLUME Venue 2008 2007 NYMEX floor
218,189 255,809 NYMEX electronic 889,268 634,390 COMEX floor 37,531
37,352 COMEX electronic 168,701 102,307 NYMEX ClearPort(R) 406,963
305,225 Other 105,532 78,795 Total 1,826,184 1,413,878 THREE MONTH
ROLLING AVERAGE DAILY VOLUME (For the period April through June)
Venue 2008 2007 NYMEX floor 221,867 256,635 NYMEX electronic
865,149 608,437 COMEX floor 38,755 41,559 COMEX electronic 172,450
101,424 NYMEX ClearPort(R) 417,590 308,627 Other 96,059 79,107
Total 1,811,870 1,395,789 MAY 2008 AVERAGE RATES PER CONTRACT Venue
Net RPC NYMEX floor $1.62 NYMEX electronic $1.05 COMEX floor $1.69
COMEX electronic $1.46 NYMEX ClearPort(R) $1.59 Other $1.87 Total
Average Net Rate $1.33 Direct Transaction Cost $0.24 Total Average
Gross Rate $1.57 THREE MONTH ROLLING AVERAGE RATES PER CONTRACT
(For the period March through May 2008) Venue Net RPC NYMEX floor
$1.59 NYMEX electronic $1.03 COMEX floor $1.70 COMEX electronic
$1.41 NYMEX ClearPort(R) $1.54 Other $1.88 Total Average Net Rate
$1.31 Direct Transaction Cost $0.24 Total Average Gross Rate $1.55
JUNE 2008 ESTIMATED AVERAGE RATES PER CONTRACT Venue Net RPC NYMEX
floor $1.61 NYMEX electronic $1.04 COMEX floor $1.72 COMEX
electronic $1.48 NYMEX ClearPort(R) $1.58 Other $1.82 Total Average
Net Rate $1.32 Direct Transaction Cost $0.24 Total Average Gross
Rate $1.56 THREE MONTH ROLLING ESTIMATED AVERAGE RATES PER CONTRACT
(For the period April through June 2008) Venue Net RPC NYMEX floor
$1.61 NYMEX electronic $1.03 COMEX floor $1.71 COMEX electronic
$1.43 NYMEX ClearPort(R) $1.54 Other $1.85 Total Average Net Rate
$1.31 Direct Transaction Cost $0.24 Total Average Gross Rate $1.55
DATASOURCE: NYMEX Holdings, Inc. CONTACT: Investors, Keil Decker,
+1-212-299-2209, or Media, Anu Ahluwalia, +1-212-299-2439, both of
NYMEX Holdings, Inc. Web site: http://www.nymex.com/
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