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New York Mercantile Exchange and HoustonStreet to Provide NYMEX
ClearPort® Clearing Services for Domestic Crude Oil and Refined Products Markets
NEW YORK, NEW YORK AND PORTSMOUTH, NEW HAMPSHIRE, October 10,
2005
- New York Mercantile Exchange, the world’s largest physical commodity exchange, and HoustonStreet Exchange, Inc, the largest
electronic marketplace for physical crude oil and refined products in the United States, announced today that HoustonStreet will serve as
the front end electronic trading platform for 15 NYMEX ClearPort® petroleum products. Crude oil and refined products traders will now be
able to execute transactions on HoustonStreet and have them cleared through NYMEX ClearPort®.
The following NYMEX ClearPort® products are now available on HoustonStreet:
• West Texas Intermediate Crude Oil Calendar Swap
• West Texas Intermediate - Midland Crude Oil
• West Texas Sour Crude Oil Futures
• Light Louisiana Sweet Crude Oil Futures
• Mars Blend Crude Oil
• No. 2 Heating Oil Up-Down Spread Calendar Swap
• Unleaded 87 Gasoline Up-Down Spread Calendar Swap
• Gulf Coast No. 6 Fuel 3.0% Sulfur Swap
• Gulf Coast Gasoline Calendar Swap
• Gulf Coast Heating Oil Calendar Swap
• Gulf Coast Jet Fuel Calendar Swap
• U.S. Gulf Coast No. 2 Heating Oil Crack Spread Calendar Swap
• U.S. Gulf Coast Unleaded 87 Gasoline Crack Spread Calendar Swap
• Gulf Coast No. 6 Fuel Oil Crack Swap
• Gulf Coast Gasoline vs. Gulf Coast Heat Oil Spread Swap
“This is the first electronic link between NYMEX ClearPort® and another electronic exchange,” said Joseph Raia, Senior Vice President,
Marketing at NYMEX. “Our off-Exchange clearing volumes are growing rapidly and we are excited about expanding our clearing services to
HoustonStreet’s online platform.”
“We have witnessed the growth of clearing in the industry and believe there is great value to our customers in offering NYMEX ClearPort®
products on HoustonStreet,” said Frank Getman, President of HoustonStreet.
Participants will need to register for both NYMEX ClearPort® Clearing and HoustonStreet. For information regarding HoustonStreet, please
call Cynthia Neggia at (603) 766-8737, or email cneggia@houstonstreet.com. For information regarding NYMEX ClearPort®, please call the
NYMEX Marketing Hotline at (212) 299-2301, or email custcare@nymex.com.
About
HoustonStreet, Inc.
As an independent exchange, HoustonStreet currently offers crude oil and refined products trading exchanges. HoustonStreet
is a leading .NET software and services provider to the energy industry dedicated to providing real, quantifiable savings using
Microsoft's .NET technology. The company is a minority-owned subsidiary of BayCorp Holdings, Ltd., (AMEX: MWH). For more
information on the company and its products, visit HoustonStreet at www.houstonstreet.com.
This press release contains forward-looking statements. There are a number of important
factors that could cause these forward-looking statements to be materially inaccurate.
These factors include, without limitation, (i) HoustonStreet.com may not be able to
operate profitably and shift in business focus may not gain market acceptance, (ii)
technological or systems outages could occur, (iii) competitors with greater financial,
marketing or other resources could emerge, (iv) market acceptance of HoustonStreet.com
cannot be predicted. HoustonStreet.com is a registered service mark of HoustonStreet Exchange.
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