Nymex Announces September 11 Plans

The New York Mercantile Exchange, Inc., today announced its plans for observance of the September 11 anniversary of the World Trade Center tragedy, intended to coordinate with the New York Board of Trade which moved into the Exchange's headquarters building this week.

The Exchange metals futures and options markets will open on time and observe moments of silence at 8:47 AM, 9:03 AM, 9:59 AM, and 10:29 AM in accordance with the citywide commemoration marking the times that each building was hit by a plane and that each of them collapsed. The markets will remain closed for an additional 21 minutes after the final minute of silence, in memory of each of the members and former members of the two exchanges who died that day, and will reopen at 10:51 AM. Trading and clearing on the New York Mercantile Exchange electronic systems will be closed during the same periods.

Open outcry trading in the Exchange energy futures and options markets will not open at its regular time, but instead will have a delayed opening at 10:51 AM.

The New York Board of Trade intends to announce its plans early next week.

The individuals who will be memorialized include:

• Steven Furman (former member of the NYMEX Division of the New York Mercantile Exchange)
• Dennis Foo (member of COMEX Division of the New York Mercantile Exchange and CSCE of the New York Board of Trade)
• Doug Gardner (member of NYCE of the New York Board of Trade)
• Joseph Heller (COMEX Division Member)
• Joseph Holland (NYMEX Division member)
• Robert Hussa (former COMEX Division member)
• Joseph Kellett (NYMEX Division Member)
• Neil Leavy (former COMEX Division member)
• James McAlary, Jr. (NYMEX Division member)
• Thomas McGinnis (NYMEX Division member)
• Mark Motroni (member of NYMEX Division and CSCE)
• David Nelson (COMEX Division member)
• Edward Oliver (NYMEX Division member)
• Robert O'Shea (NYMEX Division member)
• Patrick O'Shea (member of NYCE, CSCE, and COMEX Division)
• Mark Petrocelli (NYMEX Division Brent permit holder)
• Edward Ryan (former member of NYMEX and COMEX Divisions)
• Joseph Shea (NYCE member)
• Paul Skrzypek (former NYMEX Division member)
• Carlton Valvo (former NYMEX Division member)
• Elkin Yuen (NYMEX Division member)

The Department of Energy announced today that it will delay the release of its weekly announcement of natural gas storage and supply information to 11:15 AM from 10:30 AM to coordinate with the later opening of the natural gas futures and options markets.

The New York Mercantile Exchange moved into its headquarters in July 1997. After September 11, the exchange was the first in New York to reopen trading when it launched its web-based NYMEX ACCESS® trading system on September 14, 2001, and the first business to reopen west of Ground Zero, when it resumed floor trading on September 17.

The New York Board of Trade has leased trading floor and office space in the Exchange building due to the destruction of its previous facility in the World Trade Center.