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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Items to be Included in this Report
NYMEX Europe Limited filed its application for regulatory approval with the UK Financial Services Authority on April 7, 2005. The NYMEX Brent crude oil futures contract commenced trading in Europe in November 2004, when the Company opened a trading floor in Dublin. Trading at the Company's Dublin branch will cease on September 9, 2005.
A press release, issued by the Company on August 25, 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: August 26, 2005.
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By:
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/s/ Christopher Bowen
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Christopher 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
NYMEX EUROPE LIMITED TO LAUNCH OPEN OUTCRY TRADING IN LONDON ON SEPTEMBER 12
NEW YORK, N.Y., August 25, 2005 -- NYMEX Europe Limited announced today that it expects to launch its open outcry trading floor on September 12, at 131 Finsbury Pavement, offering Brent crude oil futures and options and Northwest Europe gasoil futures, subject to final regulatory approval.
NYMEX Europe filed its application with the FSA on April 7. The NYMEX Brent crude oil futures contract commenced trading in Europe in November 2004, when the Exchange opened a trading floor in Dublin. Trading at its Dublin facility will cease on September 9.
Samuel Gaer, chief executive officer of NYMEX Europe, said, "We are delighted to be able to offer the marketplace what it has asked for -- open outcry trading in London. Energy industry participants will benefit from the price transparency, market stability, and advanced technology that they have come to expect from NYMEX."
Roy Leighton, chairman of NYMEX Europe, said, "We have worked closely with the Financial Services Authority to ensure that NYMEX Europe meets the needs of our regulators and our customers."
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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 (including NYMEX Europe Limited) 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 other regulators such as the Financial Services Authority; 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.