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Subject:  NYMEX Acquires 10% stake in MX Date:  3/24/2007  10:25 AM
Author:  Puck50 Number:  18 of 29

for $78 million USD and also initiated a joint venuture with MX for the creation of a dedicated Canadian futures exchange to be called CAREX and headquartered in Calgary, Alberta for the provision of "trading and clearing services of over the counter (OTC) and on-exchange futures and options contracts for physical and financial settlement relating to Canadian-based energy (including natural gas, crude oil and electricity), metals and soft commodities."

NYMEX's ownership stake in CAREX I believe has the potential to bec