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CME Expresses Condolences On Death Of NYMEX President

Date 20/07/2000

Chicago Mercantile Exchange Chairman Scott Gordon and President and Chief Executive Officer Jim McNulty today expressed their condolences to the New York Mercantile Exchange and to the wife and children of NYMEX President Patrick R. Thompson following Thompson's death on Wednesday:

"On behalf of the Chicago Mercantile Exchange, we are terribly saddened to learn of Pat Thompson's death. NYMEX and the futures industry have lost a great leader. Our deepest sympathies go out to Pat's family and to the members and staff of the New York Mercantile Exchange. Pat was instrumental in the success of the partnership between our two exchanges for the joint development of our innovative CLEARING 21® system and in our hard-fought efforts to achieve regulatory relief for U.S. futures exchanges. He has been our friend and ally for many years, and we will miss him."