NYMEX Reports July 2008 Volume Averaged 1.883 Million Contracts Per Day, Up 30% Over Year Ago Period
14 August 2008 - 10:00PM
PR Newswire (US)
- NYMEX Electronic Trading Volume Increases 29% NEW YORK, Aug. 14
/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 1.883 million
contracts for July 2008, a 30% increase from 1.446 million
contracts per day in July 2007. NYMEX electronic volume on the CME
Globex(R) electronic trading platform averaged 822,710 contracts
per day for July 2008, representing a 29% increase over 636,774
contracts per day in July 2007 electronic volume. NYMEX
floor-traded energy futures and options averaged 209,117 contracts
per day for July 2008. COMEX electronic volume on CME Globex
averaged 220,687 contracts per day for July 2008, and represented a
95% increase over 113,109 contracts per day in July 2007 electronic
volume. COMEX floor-traded average daily volume was 43,533
contracts for July 2008. Average daily volume on NYMEX ClearPort(R)
was 502,748 contracts for July 2008, compared to 365,427 contracts
for July 2007, representing a 38% increase. The remaining volume of
83,839 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 May through July 2008 was $1.58, while the average net
rolling rate per contract, including direct transaction costs, for
the same period was $1.34. July rates per contract and direct
transaction costs are estimated (see Note below). Final June Rate
Per Contract -- The following represents the final June 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 June 2008 was $1.57, while the net average rate per
contract, including direct transaction costs, was $1.35. This is
compared to a 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 $8.544 million for June 2008 versus $7.914
million for June 2007. Estimated July Rate Per Contract -- The
following July average rates per contract are estimated (see Note
below). Gross average rate per contract across all venues in July
2008 was $1.58, while the net average rate per contract, including
direct transaction costs, was $1.33. This is compared to gross
average rate per contract of $1.50, and a net average rate per
contract of $1.24 for July 2007. Direct transaction costs were an
estimated $10.411 million for July 2008 versus $7.831 million for
July 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 can 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 July 2008 and 21 days for
July 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 400 off-exchange 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 July 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 July 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 July
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- JULY AVERAGE DAILY
VOLUME Venue 2008 2007 NYMEX floor 209,117 227,316 NYMEX electronic
822,710 636,774 COMEX floor 43,533 38,566 COMEX electronic 220,687
113,109 NYMEX ClearPort(R) 502,748 365,427 Other 83,839 65,208
Total 1,882,634 1,446,400 THREE MONTH ROLLING AVERAGE DAILY VOLUME
(For the period May through July) Venue 2008 2007 NYMEX floor
217,279 241,793 NYMEX electronic 882,386 622,150 COMEX floor 40,301
40,578 COMEX electronic 190,132 107,161 NYMEX ClearPort(R) 443,069
324,049 Other 97,359 75,963 Total 1,870,526 1,411,694 JUNE 2008
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) $1.67 Other $1.82 Total Average Net Rate $1.35 Direct
Transaction Cost $0.22 Total Average Gross Rate $1.57 THREE MONTH
ROLLING 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) $1.57
Other $1.85 Total Average Net Rate $1.32 Direct Transaction Cost
$0.24 Total Average Gross Rate $1.56 JULY 2008 ESTIMATED AVERAGE
RATES PER CONTRACT Venue Net RPC NYMEX floor $1.65 NYMEX electronic
$1.04 COMEX floor $1.51 COMEX electronic $1.45 NYMEX ClearPort(R)
$1.52 Other $1.86 Total Average Net Rate $1.33 Direct Transaction
Cost $0.25 Total Average Gross Rate $1.58 THREE MONTH ROLLING
ESTIMATED AVERAGE RATES PER CONTRACT (For the period May through
July 2008) Venue Net RPC NYMEX floor $1.63 NYMEX electronic $1.05
COMEX floor $1.63 COMEX electronic $1.46 NYMEX ClearPort(R) $1.59
Other $1.85 Total Average Net Rate $1.34 Direct Transaction Cost
$0.24 Total Average Gross Rate $1.58 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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