NYMEX Holdings, Inc. (NYSE:NMX), the parent company of the New York Mercantile Exchange, Inc. (NYMEX),announced today that effective January 2nd, 2008, an updated fee schedule will be put into effect containing per contract price increases for NYMEX and COMEX futures and options products ranging from $0.05 to $0.20 per side. These increases, which were referenced in the Company’s November 1st, 2007 third quarter earnings announcement as forthcoming, level the rates across the NYMEX and COMEX Divisions. Even with these increases, NYMEX continues to offer the industry’s most price competitive venues for energy and metals futures and options trading.
NYMEX futures and options fees on CME Globex® electronic trading platform, NYMEX ClearPort® Clearing platform, and the NYMEX trading floor will increase $0.10 per side for members, and $0.05 per side for cross division trades. NYMEX non-member customer rates will remain unchanged.
COMEX futures and options fees on the trading floor will increase $0.20 perside for members, $0.15 per side for cross division trades, and $0.10 perside for customers. COMEX futures and options fees on CME Globex will increase $0.10 per side for members and $0.05 per side for cross division trades. COMEX futures and options fees on NYMEX ClearPort will increase $0.20 per side for members, $0.10 per side for cross division trades, and$0.10 per side for customers.
The new fee schedule is subject to a consent process that includes a 15-daynotice to the owners of Class A memberships.
The new fee schedule (per side) is as follows:
NYMEX Division: Open Outcry, CME Globex and ClearPort Clearing
Member Day: $0.45 (Not applicable on ClearPort Clearing)
Member Overnight: $0.70
Cross Division (Blended): $0.95
Non-Member: $1.45
EFP, EFS, EOO:
Member: $0.70
Cross Division (Blended): $0.95
Non-Member: $1.45
Futures Resulting from Exercise and Assignment:
Member: $0.70
Cross Division (Blended): $0.95
Non-Member: $1.45
COMEX Division: Open Outcry, CME Globex, ClearPort Clearing
Member Day: $0.45 (Not applicable on ClearPort Clearing)
Member Overnight: $0.70
Cross Division: $0.95
Non-Member: $1.45
EFP, EFS, EOO:
Member: $0.85
Cross Division (Blended): $1.20
Non-Member: $1.45
Futures Resulting from Exercise and Assignment:
Member: $0.70
Cross Division (Blended): $0.95
Non-Member: $1.45
