NYMEX Holdings, Inc. (NYSE: NMX), the parent company of the New York Mercantile Exchange, Inc., the world's largest physical commodities futures and options exchange, today announced average daily volume for February 2008 of 1.846 million contracts, a 20% increase from 1.542 million contracts per day in February 2007.
NYMEX electronic volume on the CME Globex® electronic trading platform was 783,212 contracts per day and represented a 30% increase over 600,953 contracts per day in February 2007 electronic volume. NYMEX floor-traded energy futures and options averaged 240,842 contracts per day for February 2008.
COMEX electronic volume on CME Globex averaged 179,934 contracts per day and represented a 99% increase over 90,500 contracts per day in February 2007 electronic volume. COMEX floor-traded average daily volume was 42,147 contracts for February 2008.
Average daily volume on NYMEX ClearPort® was 506,841 contracts for February 2008, compared to 385,711 for February 2007, representing a 31% increase. The remaining volume of 93,082 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 December through February 2008 was $1.54, while the average net rolling rate per contract, including direct transaction costs, for the same period was $1.28. February rates per contract and direct transaction costs are estimated (see Note below).
Final January Rate Per Contract -- The following represents the final January 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 January 2008 was $1.56, while the net average rate per contract, including direct transaction costs, was $1.31. This is compared to a gross average rate per contract of $1.51, and a net average rate per contract of $1.25 for January 2007. Direct transaction costs were $9.051 million for January 2008 versus $8.559 million for January 2007.
Estimated February Rate Per Contract -- The following February average rates per contract are estimated (see Note below). Gross average rate per contract across all venues in February 2008 was $1.58, while the net average rate per contract, including direct transaction costs, was $1.32. This is compared to gross average rate per contract of $1.51, and a net average rate per contract of $1.24 for February 2007. Direct transaction costs were an estimated $9.553 million for February 2008 versus $7.982 million for February 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 eight to 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 20 trading days for February 2008 and 19 days for February 2007.
FEBRUARY AVERAGE DAILY VOLUME Venue 2008 2007 NYMEX floor 240,842 332,315 NYMEX electronic 783,212 600,953 COMEX floor 42,147 51,759 COMEX electronic 179,934 90,500 NYMEX ClearPort® 506,841 385,711 Other 93,082 80,621 Total 1,846,058 1,541,859 THREE MONTH ROLLING AVERAGE DAILY VOLUME (For the period December through February) Venue 2008 2007 NYMEX floor 222,680 343,341 NYMEX electronic 715,616 532,793 COMEX floor 40,682 53,388 COMEX electronic 163,515 67,545 NYMEX ClearPort® 401,282 369,818 Other 97,913 73,971 Total 1,641,688 1,440,856 JANUARY 2008 AVERAGE RATES PER CONTRACT Venue Net RPC NYMEX floor $1.62 NYMEX electronic $1.06 COMEX floor $1.55 COMEX electronic $1.29 NYMEX ClearPort® $1.44 Other $1.83 Total Average Net Rate $1.31 Direct Transaction Cost $0.25 Total Average Gross Rate $1.56 THREE MONTH ROLLING AVERAGE RATES PER CONTRACT (For the period November 2007 through January 2008) Venue Net RPC NYMEX floor $1.52 NYMEX electronic $0.95 COMEX floor $1.49 COMEX electronic $1.28 NYMEX ClearPort® $1.48 Other $1.81 Total Average Net Rate $1.25 Direct Transaction Cost $0.24 Total Average Gross Rate $1.49 FEBRUARY 2008 ESTIMATED AVERAGE RATES PER CONTRACT Venue Net RPC NYMEX floor $1.58 NYMEX electronic $1.04 COMEX floor $1.71 COMEX electronic $1.38 NYMEX ClearPort® $1.47 Other $2.04 Total Average Net Rate $1.32 Direct Transaction Cost $0.26 Total Average Gross Rate $1.58 THREE MONTH ROLLING ESTIMATED AVERAGE RATES PER CONTRACT (For the period December 2007 through February 2008) Venue Net RPC NYMEX floor $1.56 NYMEX electronic $1.01 COMEX floor $1.57 COMEX electronic $1.28 NYMEX ClearPort® $1.45 Other $1.87 Total Average Net Rate $1.28 Direct Transaction Cost $0.26 Total Average Gross Rate $1.54
SOURCE: NYMEX Holdings, Inc.
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/.
