NYMEX To Launch Certified Emission Reduction Options Contract

The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), today announced that it will introduce a certified emission reduction (CER) options contract on the NYMEX trading floor and for clearing on NYMEX ClearPort® beginning on April 20 for trade date April 21.

The contract, with commodity code VG, is a European style option that will expire three business days prior to the expiration of the underlying CER futures contract. The initial contract months to be listed will be December 2008, March 2009, June 2009, September 2009, December 2009, March 2010, June 2010, September 2010, December 2010, December 2011, and December 2012.

The contract will be priced in Euros with a minimum price fluctuation of euro 0.01 per metric ton. There will be ten strike prices in increments of euro 0.50 per metric ton above and below the at-the-money strike price.

Information on fees can be found on The Green Exchange website, http://www.greenfutures.com/.