Nymex Announces First Slate Of Products For enymex sm

The New York Mercantile Exchange, Inc., board of directors last night approved a range of energy products for listing on enymex sm, the Exchange's internet-based trading system, intended to be launched during the second quarter of 2001.

Exchange Chairman Daniel Rappaport said, "These products were designed to replicate the most actively traded over-the-counter energy instruments, introducing the added benefits of clearing services; a neutral, centralized marketplace; and a highly sophisticated technological platform. While there may be additional products developed for introduction at launch, including more internationally based contracts, and there will certainly be more shortly thereafter, these contracts were selected as natural adjuncts to our established markets because of their close relationships to these liquid benchmarks."