The seat is the highest of any futures exchange seat valuation in the country.
Ownership of a seat on the NYMEX Division also represents a share of common stock in NYMEX Holdings, Inc.
Exchange President J. Robert Collins, Jr., said, "This seat sale is another milestone in a series of records we have recently experienced, not only in seat values but also in volume and open interest. In addition to reflecting the value placed in the Exchange by the marketplace as the premiere source of market efficiency and risk management services, the escalating seat rates also serve as an indication of strong confidence in our future growth."
