NYMEX Announces Updated Schedule For NYMEX Division Futures And Options Contracts

NYMEX Holdings, Inc. (NYSE: NMX), the parent company of the New York Mercantile Exchange, Inc. (NYMEX), today announced an updated fee schedule containing increased member rates of $0.10 per side (or $0.20 per round turn) for its NYMEX Division contracts, including physically and financially settled crude oil, natural gas, heating oil, RBOB gasoline, platinum, and palladium futures and options and NYMEX miNY^TM futures, traded on the NYMEX trading floor and on the CME Globex® electronic trading platform, beginning on May 1.

Member day trade fees will be $0.25 per side on the trading floor and $0.35 per side on CME Globex. Member overnight trade fees will be $0.50 on the trading floor and $0.60 on CME Globex. COMEX blended rates will be $0.90 on CME Globex. Member fees for NYMEX miNY crude oil futures will be $0.55 per side and for NYMEX miNY natural gas futures fees will be $0.40 per side. Blended fees for NYMEX miNY crude oil futures fees will be $0.88 per side and for NYMEX miNY natural gas futures will be $0.45 per side.

Before these rates can become effective, they are subject to a consent process that includes a 15–day notice to the owners of Class A memberships.

NYMEX Chairman Richard Schaeffer said, "NYMEX is committed to being the world's most competitive physical commodity futures exchange. We continue to seek every opportunity to enhance our value proposition while striking a balance between the expectations of our shareholders and of our members. Our updated fee schedule reflects this commitment as we continue to be the most aggressively priced in the industry."