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The Green Exchange Initiative

The New York Mercantile Exchange, Inc. (NYMEX) anticipates the establishment of The Green Exchange as a separate designated contract market (DCM) or futures exchange in 2009, following submission to the U.S. Commodity Futures Trading Commission (CFTC) of a DCM application and following review of that application and formal designation as a DCM.

At present, all of the emissions and other environmental futures and options contracts that are associated with NYMEX's The Green Exchange initiative are listed for trading and clearing by NYMEX, which is a DCM and which has self-regulatory responsibilities for these contracts. Statements contained in this Web site that are not based on current or historical fact are forward-looking in nature. These forward-looking statements are based on current plans and expectations and may be subject to change.

NYMEX launched The Green Exchange initiative with various environmental contracts that began trading during the first quarter of 2008. These contracts are listed for trading on the CME Globex electronic trading platform, where other NYMEX contracts are traded

Following CFTC designation as a contract market, The Green Exchange then is anticipated to offer the broadest slate of environmental risk management and trading products; it is also expected that clearing services will be provided by the New York Mercantile Exchange, the world's largest physical commodities exchange.

The Green Exchange will enable participants to leverage capital markets in confronting the world's most pressing environmental challenges. The Green Exchange will serve as the nexus for trading environmental products designed to combat global climate change, improve air quality, and build environmentally sustainable energy sources.

Headquartered in New York and with offices in London and Continental Europe, The Green Exchange is anticipated to be a stand-alone corporation that will be directly linked to the CME Globex electronic trading platform. In addition, trades are anticipated to be cleared through the NYMEX clearinghouse, and transactions are also expected to be be margined across The Green Exchange environmental product offerings and the NYMEX energy complex. (more)