1. Merrill Lynch Banking & Financial Services Conference November 13, 2007

2. 1 Forward-looking statements Safe Harbor Statement Statements contained in this presentation that are not based on current or historical facts are forward-looking in nature and involve risks and uncertainties. Such forward-looking statements are based solely on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. The Company's actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement. For a discussion of some of the important factors that could cause the Company’s results to differ from those expressed in, and implied by, the forward-looking statements in this presentation, please refer to the Company’s Form 10-K filed with the SEC on March 5, 2007, and the Company’s other periodic reports filed with the SEC, including its Form 10-Q for the quarter ended June 30, 2007 filed on August 14, 2007, in particular, the “Risk Factors” section thereof. To facilitate comparisons and enhance understanding of core operating performance, certain financial measures have been adjusted from the comparable amount under Generally Accepted Accounting Principles (GAAP). A detailed reconciliation of adjusted numbers to GAAP is posted on our web site at www.nymex.com.

3. 2 Samuel H. Gaer Executive Vice President Ken Shifrin Chief Financial Officer Business overview

4. 3 Aggressively cut costs and manage expenses Continue to innovate and launch new products Make strategic and accretive investments Globalize NYMEX brand and relationships Expand electronic distribution Increase market share across core products Strategic Goals: Firing On All Cylinders

5. 4 Market Share Growth METALS Gold: Q3 Average Daily Volume up 62% over Q3 2006 Market share up to 67%, up Approx 80% over Q3 2006 Silver: Q3 Average Daily Volume up 56% over Q3 2006 Market share up to 73%, up Approx 22% over Q3 2006 Precious Metal Open Interests: Over 96% Market share as of September 30, 2007 ENERGY Total WTI: Q3 2007 Average Daily Volume up 31% over Q3 2006 Market share 74% Full-sized Electronic WTI Futures: Q3 Market share Approx 70% Up Approx 145% Since Q3 2006 Energy Open Interest: Over 83% Market share as of September 30, 2007 We have taken back market share across all of our benchmark products

6. 5 New Product Innovation RBOB Gasoline Options and Swap Futures New Metals Futures on CME Globex New Electricity Futures Soft Commodity Futures 3-2-1 Energy Plus Index New Petroleum Product Swap Futures Catastrophe Risk Index Futures and Options Uranium Futures DME Oman Crude Futures, WTI-Oman Spread Futures, Brent-Oman Spread Futures Natural Gas Option Ethanol Swap Futures New Petroleum Product Swap Futures Brent Crude Oil Last Day Future Additional American Style Energy Options 2007 New Products

7. 6 IMAREX Strategic Investment 15.1% of Oslo headquartered IMAREX ASA from Frontline for $52 Million Operates hybrid model of electronic trading and voice brokerage Offers Financial Derivatives Transactions, Clearing & Research — Heavy Fuel Oil — Electric Power — Oceangoing Freight — Airborne Emissions — Farmed Salmon Only regulated market for trading freight derivatives Exchange & Clearinghouse licensed by Norwegian Ministry of Finance & regulated by Financial Supervisory Authority of Norway Customers: Banks, Oil Majors, Power generators, Ship owners, Charterers, Commodity traders, Hedge funds Strategic Investment in Europe

8. 7 Enterprise Efficiency Plan roadmap Substantial Reduction in Current Cost Structure of Approx. $22 Million Initiating Broad Workforce Reduction: 55 Positions Immediately; 120 Positions Total Expect Cumulative Pre-Tax Charge of Approximately $4.0 Million for Severance Implement Revenue Enhancements of Approximately $50 Million New fee schedules for NYMEX and COMEX Divisions (January 1, 2008) Increase in Market Data fees from $50 per unit to $55 per unit (February 1, 2008) Retaining Cushman & Wakefield to Explore Sale of Headquarters Building Expects to Reduce Operating Expenses by Approximately $12 Million Annually Close Review of Location of Existing Staff, and Requirements for Trading Floor Square Footage Plan to Deliver $72 Million of Annual Revenue and Cost Benefits

9. 8 Record Third Quarter Results Record Operating Revenues Record Net Income Record Pre-Tax Margin 25% 54% 18% $138.3M $173.2M $40.7M $62.6M 60% 71%

10. 9 Positioned for continued growth Emissions Contracts Steel, Equity index Leverage clearinghouse for third- party clearing opportunities Enhanced market data offering Risk management enhancements New products and services Continued rapid adoption of electronic trading Demand for new products Increasing acceptance of derivatives as risk management tools Continued demand for broad counterparty credit mitigation Strong secular trends Strategic investments such as: IMAREX ASA Montréal Exchange Global clearing capabilities Electronic options Canadian energy market: CAREX New initiatives European opportunities Global distribution via CME Globex Global expansion of NYMEX ClearPort Target new market participants Growing distribution

11. 10 Key investment highlights The leading exchange in the fast growing energy and metals markets Hybrid platform with access to industry leading technology Strong growth with significant operating leverage and margins Robust product set with continued innovation and global focusSignificant and growing OTC presence via NYMEX ClearPort ® Well capitalized wholly-owned clearinghouse

12. 11 CME Globex: NYMEX electronic trading offered virtually 24/7 CME Globex average daily volume (000)CME Globex progress Apr 6, 2006: Reached agreement with CME Jun 11: Side-by-side trading launched Aug 7: After-hours trading on NYMEX Division migrated to CME Globex Sept 5: Physically delivered NYMEX division contracts introduced for trading on CME Globex Dec 3: COMEX metals side-by-side, miNYs offered on CME Globex Jan 11, 2007: Record volume traded on CME Globex — 919,900 contracts June 24: Options launch on CME Globex November 7: Record CME volume traded – 1,339,578 contracts

13. 12 Options continue to be a significant driver of growth NYMEX pioneered options on energy and precious metals futures contracts, and has the deepest liquidity in these options contracts Deepest U.S. market liquidity pool for energy options Options volumes have increased 30% since the launch of futures trading on CME Globex Stimulates futures trading and helps develop liquidity in the futures markets Launched options on CME Globex on June 24 Successful product launches June 2002 — Calendar spread options February 2004 — PJM options March 2004 — European options November 2005 — Average price options October 2006 — One-day options April 2007 – American options on ClearPort® June/August 2007 – Benchmark options on CME Globex CAGR = 35% Options average daily volume (000) Summary of options platform NYMEXCOMEXNYMEX ClearPort ® 12

14. 13 Global reach and penetration through international alliances and joint ventures Russian Energy Futures, Ltd. NYMEXCME Globex contractDubai Mercantile Exchange (with Tatweer Dubai LLC) Russian Energy Futures (with Expertica Limited) Multicommodity Exchange of India Core operationsOutsourced serviceLetter of intentJoint ventureLicensing agreement Mexican Derivative Exchange Interconnexion Electrica Budapest Commodity Exchange Shanghai Futures Exchange Taiwan Futures Exchange Central Japan Commodity Exchange NYMEX – Houston, Texas, regional office Strategic investment Montréal Exchange Tokyo Commodity Exchange Cooperation agreement Singapore Exchange CAREX (with Montréal Exchange) IMAREX ASA

15. 14 Kenneth Shifrin Chief Financial Officer Financial highlights

16. 15 Strong financial growth and margins Pre-tax income ($ millions) Note: YTD 2007results exclude Optionable ¹ Pre-tax margin is defined as the ratio of pre-tax income to total revenues (including investment income and interest 1ncome from securities lending) net of direct transaction costs Pre-tax margin¹ 17% 18% 50% 46%

17. 16 Strong growth in profitability Earnings per share ($)Net income ($ millions) Note: YTD 2007results exclude Optionable 37% 40% 56% 54%

18. 17 Volume growth trend remains positive with continued electronic migration Volume CAGR = 28% Average daily volume by division (000) 578 680 857 1,184 NYMEXCOMEXNYMEX ClearPort ® 1,466 Note: % electronic includes NYMEX ClearPort % electronic

19. 18 ¹ Total expenses exclude direct transaction costs and losses from unconsolidated investments Total expenses ($ millions)¹ Expense detail $166 $178 $185 $181 $136 $127 $48 $41

20. 19 Substantial expansion in pre-tax margin 1 Pre-tax margin is defined as the ratio of pre-tax income to total revenue (including investment income and interest income from securities lending) net of direct transaction costs; Note: YTD 2007 excludes Optionable Pre-tax margin¹

21. 20 Key investment highlights The leading exchange in the fast growing energy and metals markets Hybrid platform with access to industry leading technology Strong growth with significant operating leverage and margins Robust product set with continued innovation and global focusSignificant and growing OTC presence via NYMEX ClearPort ® Well capitalized wholly-owned clearinghouse