New York Mercantile Exchange Names Two New Vice Presidents

The board of directors of the New York Mercantile Exchange, Inc. (NYMEX), recently promoted Jerald David to vice president of marketing and DME relations and Anthony Filoso to vice president of finance and corporate controller.

Mr. David began his career at the Exchange in 1997 as a senior marketing associate for metals. He was promoted to manager of natural gas, electricity and coal, and then to director. In 2003, he was named senior director of energy marketing. Mr. David was responsible for marketing NYMEX products including NYMEX ClearPort® exchange of futures for swaps and exchange of options for options, NYMEX miNY^TM energy futures contracts, and floor traded commodities. In 2005, he was named marketing team leader for the Dubai Mercantile Exchange, a joint venture between NYMEX and Dubai Holding, scheduled to launch in the fourth quarter of 2006. In January, Mr. David was named managing director, and he is relocating to Dubai to assist in the launch of the DME.

Prior to the Exchange, Mr. David worked for Pursell Industries and Atlanta Gas Light Company. He earned a bachelor of arts degree in international business with a minor in government from Franklin and Marshall College in Lancaster, Pennsylvania.

Mr. Filoso joined the Exchange in 2004 as director of Securities and Exchange Commission (SEC) reporting and taxation and has been responsible for all financial SEC filings and corporate tax matters.

Prior to NYMEX, Mr. Filoso served as director of financial reporting for Nautica Enterprises, a publicly held clothing manufacturer. His responsibilities included SEC reporting, corporate tax matters, transfer agent reporting, as well as administration of the company’s stock option plan. Prior to this, he worked as a senior manager for Marks Paneth & Shron LLP, a mid-sized public accounting firm, where he specialized in commercial and residential real estate.

Mr. Filoso has a bachelor of arts in accounting from Queens College of the City University of New York. He is also a member of the American Institute of Certified Public Accountants.

NYMEX President James E. Newsome said, "NYMEX is pleased to announce these promotions. Both Jerry and Tony have already demonstrated their dedication and talent during the course of their employment at the Exchange, and we look forward to the additional contributions they will make in their new positions."