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DE
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13-4098266
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(State or Other Jurisdiction of
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(I.R.S. Employer
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Incorporation or Organization)
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Identification No.)
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
Items to be Included in this Report
A press release issued by the Company on February 14, 2005, is filed as Exhibit 99.1 to this Current Report on Form 8-K.
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NYMEX Holdings, Inc.
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Date: February 18, 2005.
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By:
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/s/ Christopher K. Bowen
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Christopher K. Bowen
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General Counsel and Chief Administrative Officer
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Exhibit No.
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Description
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EX-99.1
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Press Release
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EXHIBIT 99.1
NEW YORK, N.Y., February 14, 2005 -- The New York Mercantile Exchange, Inc., today announced its plans to open a new open outcry futures exchange in London.
The Exchange opened a trading floor for Brent crude oil futures in Dublin in November 2004 under the brand NYMEX Europe and will be shifting those operations to London in connection with this move. The Brent futures contract will be listed by a new entity to be called NYMEX Europe Limited. Samuel Gaer, Exchange chief information officer, was named interim chief executive officer.
The Exchange is working with the Financial Services Authority to complete an application, and trading on the new facility will commence once the necessary approvals are received.
It is intended that the NYMEX clearinghouse will clear all trades executed on the new trading facility in London. The Exchange also recently listed two new Brent calendar swap futures contracts on its NYMEX ClearPortsm trading and clearing platforms.
New York Mercantile Exchange President James E. Newsome said, "The Exchange has been in close contact with participants in the Brent markets, and in response to their needs, we will establish open outcry trading in London. We are committed to open outcry trading and excited to expand our global markets into this vibrant economic center."
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Forward Looking and Cautionary Statements
This press release may contain forward--looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results. Forward--looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward--looking statements. In particular, the forward--looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and
the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets. We assume no obligation to update or supplement our forward--looking statements.