NYMEX Announces Launch Date for New Alternative Energy Equity Index Futures Contract on CME Globex(R) and NYMEX ClearPort(R)
12 September 2007 - 8:00PM
PR Newswire (US)
NEW YORK, Sept. 12 /PRNewswire-FirstCall/ -- The New York
Mercantile Exchange, Inc. today announced that it will launch its
new alternative energy equity index futures contract on CME Globex
and NYMEX ClearPort, beginning on September 30 for trade date
October 1. This contract was previously scheduled to launch on
August 20 but was postponed. The contract will be based on the
Ardour Global XL Index, which is comprised of 30 well-capitalized,
liquid and publicly traded companies, and seeks to provide exposure
to a range of businesses that contribute to the growth and
development of the alternative energy industry. The contract will
be cash-settled, and the commodity code will be AX. Four initial
months will be listed on a March, June, September, and December
cycle beginning with December 2007. The minimum price fluctuation
will be $0.50 per index point, and the contract value will be $25
times the cash index. Final settlement will be on the third Friday
of the delivery month. Trading on the expiring contract will end as
of the close of CME Globex trading on evening prior to final
settlement. For more information, visit 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. DATASOURCE: The New York Mercantile Exchange, Inc.
CONTACT: Anu Ahluwalia, +1-212-299-2439, or Keil Decker,
+1-212-299-2209, both of The New York Mercantile Exchange, Inc.; or
Allan Schoenberg of CME Group, +1-312-930-8189, for The New York
Mercantile Exchange, Inc. Web site: http://www.nymex.com/
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