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FTSE Mondo Visione Exchanges Index:

Nymex Brent Crude Futures Set Record For First Day Volume

Date 05/09/2001

The New York Mercantile Exchange, Inc., announced that the Brent crude oil futures contract launched this morning traded an estimated 13,293 lots, more than double the previous Exchange record for trading in a new contract.

The previous record was 5,102 contracts, set by crude oil options on November 14, 1986.

Exchange President J. Robert Collins, Jr., said, "We are very pleased with the responsiveness by the energy industry and trading community to our efforts to design and expedite products that reflect evolving customer needs. In launching this contract, we had very positive feedback to the business advantages that the Exchange could offer this marketplace, and we are delighted to witness this tangible demonstration of support by market participants, which bodes well for the introduction of Brent options trading tomorrow, and the Brent/WTI spread options contract on Friday."