NEW YORK, May 28 /PRNewswire-FirstCall/ -- NYMEX commends the Congress on the enactment of the farm bill, which is now law and which contains provisions reauthorizing the Commodity Futures Trading Commission (CFTC). The CFTC reauthorization amends certain sections of the Commodity Exchange Act to provide much needed direct oversight of electronic over-the-counter (OTC) energy trading in significant price discovery contracts (SPDCs), which have been exempt from CFTC authority. Specifically, SPDCs listed for trading on exempt markets now will be subject to position limits or accountability levels, large trader reporting, trade monitoring, emergency action and daily publication requirements. The trading platform also will have self-regulatory responsibilities. NYMEX President and Chief Executive Officer James E. Newsome said, "NYMEX strongly supports the approach taken by Congress on oversight of the electronic OTC energy markets. Derivatives markets have evolved rapidly in just a few short years, and we believe it is prudent from time to time for Congress to undertake a thoughtful and measured review of appropriate safeguards and procedures. Furthermore, we believe that Congress correctly adopted a targeted approach in providing greater oversight and transparency for SPDCs which effectively had been off the CFTC's radar screen." 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: NYMEX Holdings, Inc. CONTACT: Anu Ahluwalia, +1-212-299-2439, or Keil Decker, +1-212-299-2209, both of NYMEX Holdings Web site: http://www.nymex.com/

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