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NYMEX electronic volume on the CME Globex® electronic trading platform averaged 772,567 contracts per day for April 2008, representing a 30% increase over 594,311 contracts per day in April 2007 electronic volume. NYMEX floor-traded energy futures and options averaged 222,466 contracts per day for April 2008.
COMEX electronic volume on CME Globex averaged 169,248 contracts per day for April 2008, and represented a 78% increase over 95,338 contracts per day in April 2007 electronic volume. COMEX floor-traded average daily volume was 39,037 contracts for April 2008.
Average daily volume on NYMEX ClearPort® was 428,625 contracts for April 2008, compared to 318,917 contracts for April 2007, representing a 34% increase. The remaining volume of 80,056 trades per day consisted of other transactions which include position transfers and exchanges.
Rolling Average Rate Per Contract -- The three month rolling average gross rate per contract for the period February through April 2008 was $1.55, while the average net rolling rate per contract, including direct transaction costs, for the same period was $1.31. April rates per contract and direct transaction costs are estimated (see Note below).
Final March Rate Per Contract -- The following represents the final March 2008 rates per contract after adjustments to the estimated rate per contract we provided last month. Gross average rate per contract across all venues in March 2008 was $1.56, while the net average rate per contract, including direct transaction costs, was $1.33. This is compared to a gross average rate per contract of $1.47, and a net average rate per contract of $1.22 for March 2007. Direct transaction costs were $9.479 million for March 2008 versus $7.561 million for March 2007.
Estimated April Rate Per Contract -- The following April average rates per contract are estimated (see Note below). Gross average rate per contract across all venues in April 2008 was $1.52, while the net average rate per contract, including direct transaction costs, was $1.29. This is compared to gross average rate per contract of $1.53, and a net average rate per contract of $1.25 for April 2007. Direct transaction costs were an estimated $8.855 million for April 2008 versus $7.909 million for April 2007. Note: Because we are providing an additional level of up-to-date information regarding our recent monthly rates per contract, our volumes and rates press releases will be issued within approximately ten business days after the end of the month. Also, the estimated figures are preliminary and may change due to the fact that the last days of the month have not been finalized and are thus subject to adjustments and corrections. Average daily volume is based on 22 trading days for April 2008 and 20 days for April 2007.
About NYMEX Holdings, Inc.
NYMEX Holdings, Inc. (NYSE: NMX) is the parent company of the New York Mercantile Exchange, Inc., the world's largest physical commodities exchange, offering futures and options trading in energy and metals contracts and clearing services for more than 350 off-exchange energy contracts. Through a hybrid model of open outcry floor trading and electronic trading on CME Globex® and NYMEX ClearPort®, NYMEX offers crude oil, petroleum products, natural gas, coal, electricity, gold, silver, copper, aluminum, platinum group metals, emissions, and soft commodities contracts for trading and clearing virtually 24 hours each day. Further information about NYMEX Holdings, Inc. and the New York Mercantile Exchange, Inc. is available on the NYMEX website at http://www.nymex.com/.
-Tables Follow- APRIL AVERAGE DAILY VOLUME Venue 2008 2007 NYMEX floor 222,466 273,344 NYMEX electronic 772,567 594,311 COMEX floor 39,037 41,554 COMEX electronic 169,248 95,338 NYMEX ClearPort® 428,625 318,917 Other 80,056 74,574 Total 1,711,999 1,398,038 THREE MONTH ROLLING AVERAGE DAILY VOLUME (For the period February through April) Venue 2008 2007 NYMEX floor 232,068 289,463 NYMEX electronic 823,534 586,664 COMEX floor 42,506 48,357 COMEX electronic 190,783 95,571 NYMEX ClearPort® 480,886 340,989 Other 89,439 74,087 Total 1,859,216 1,435,131 MARCH 2008 AVERAGE RATES PER CONTRACT Venue Net RPC NYMEX floor $1.58 NYMEX electronic $1.04 COMEX floor $1.68 COMEX electronic $1.40 NYMEX ClearPort® $1.55 Other $1.91 Total Average Net Rate $1.33 Direct Transaction Cost $0.23 Total Average Gross Rate $1.56 THREE MONTH ROLLING AVERAGE RATES PER CONTRACT (For the period January through March 2008) Venue Net RPC NYMEX floor $1.59 NYMEX electronic $1.05 COMEX floor $1.64 COMEX electronic $1.36 NYMEX ClearPort® $1.49 Other $1.92 Total Average Net Rate $1.32 Direct Transaction Cost $0.25 Total Average Gross Rate $1.57 APRIL 2008 ESTIMATED AVERAGE RATES PER CONTRACT Venue Net RPC NYMEX floor $1.59 NYMEX electronic $1.00 COMEX floor $1.72 COMEX electronic $1.36 NYMEX ClearPort® $1.47 Other $1.88 Total Average Net Rate $1.29 Direct Transaction Cost $0.23 Total Average Gross Rate $1.52 THREE MONTH ROLLING ESTIMATED AVERAGE RATES PER CONTRACT (For the period February through April 2008) Venue Net RPC NYMEX floor $1.58 NYMEX electronic $1.03 COMEX floor $1.71 COMEX electronic $1.38 NYMEX ClearPort® $1.50 Other $1.94 Total Average Net Rate $1.31 Direct Transaction Cost $0.24 Total Average Gross Rate $1.55
SOURCE: NYMEX Holdings, Inc.
