From: marketing@nymex.com
To: marketing@nymex.com
Date: 2002-01-10 13:54:45+00:00
Subject: (02-15) PROCEDURES FOR 2002 ANNUAL MEETING OF STOCKHOLDERS OF NYM
	EX HOLDINGS, INC.

January  10, 2002
Notice No. 02-15


PROCEDURES FOR 2002 ANNUAL MEETING OF
STOCKHOLDERS OF NYMEX HOLDINGS, INC.



On January 16, 2002, the Membership Subcommittee will hold an open meeting
at 3:00 p.m. in Boardroom 1015 to accept recommendations of names for
proposed nominees for the Board of Directors.  At that meeting, stockholders
may recommend proposed nominees for each open position. The Board of
Directors positions for which nominations will be accepted are:

		Vice Chairman	- 3 Year Term
		Public Director	- 3 Year Term
		FCM			- 3 Year Term
		Local			- 3 Year Term
		Floor Broker		- 3 Year Term
		Trade (2)		- 3 Year Term/2 Year Term
		Equity Holder	- 3 Year Term
		At-Large		- 3 Year Term

A stockholder may not recommend more than one candidate per category.
Written recommendations by stockholders proposing candidates may be
presented prior to or at this meeting.  Thereafter, a list of the
recommendations of proposed nominees will be compiled and immediately
posted.

Additional written recommendations by stockholders for proposed nominees may
be submitted to the Subcommittee (c/o the Donna Talamo, Office of the
Corporate Secretary, One North End Avenue, Room 1563, New York, NY 10282 or
by fax 212-301-4645) by 5:00 p.m. on January 22, 2002.  Thereafter, a final
list of recommended names and the categories in which they are proposed to
run will be immediately posted.

NO PERSON WHOSE NAME HAS NOT BEEN SUBMITTED BY 5:00 P.M. ON TUESDAY, JANUARY
22, 2002 WILL BE PERMITTED TO STAND FOR ELECTION.  IN ADDITION, NO PERSON
WHOSE NAME HAS NOT BEEN RECOMMENDED TO RUN FOR VICE CHAIRMAN BY THAT DATE
WILL BE PERMITTED TO RUN FOR THAT OFFICE.

Please note that in order to qualify as a Public Director, a person must be
knowledgeable of futures trading or financial regulation or otherwise
capable of contributing to the deliberations of the Board of Directors and
may not be a member of the Exchange or affiliated with any member of the
Exchange or an employee of the Exchange.

After January 22, 2002, the Subcommittee will convene to make its
determination as to the eligibility of the proposed nominees to run in the
category for which he was proposed or otherwise.   Such determination will
be immediately posted.  Should the Subcommittee determine that a proposed
candidate is ineligible to run in the category for which he was recommended,
written notice thereof shall immediately be submitted to that person.  To
assist the Subcommittee, NYMEX members may submit information regarding the
eligibility of a proposed nominee to the Subcommittee.  All such submissions
must be received by 5:00 p.m. on January 29, 2002 at the Office of the
Corporate Secretary.  In addition, a proposed nominee may appeal the
Subcommittee's categorization.  Such appeal must be made by 5:00 p.m. on
February 1, 2002.  The Subcommittee will consider the appeal and make a
final ruling no later than February 5, 2002.  At that time, the Subcommittee
will assign the proposed nominees to the proper categories, regardless of
the category for which the proposed nominee was originally recommended;
however, only persons who were recommended to be candidates for Vice
Chairman are eligible to run for that office.

TO BE OFFICIALLY NOMINATED, EACH PROPOSED NOMINEE WILL BE REQUIRED TO FILE
WITH THE OFFICE OF THE CORPORATE SECRETARY A DECLARATION WHICH STATES THAT
CATEGORY IN WHICH THE PERSON INTENDS TO STAND FOR ELECTION.  FAILURE TO
SUBMIT A DECLARATION TO THE OFFICE OF THE CORPORATE SECRETARY BY 5:00 P.M.
ON FRIDAY FEBRUARY 8, 2002 WILL RENDER THE PROPOSED NOMINEE INELIGIBLE TO
RUN IN ANY CATEGORY.

Note, only those persons who were proposed by January 22, 2002 will be
permitted to be officially nominated.

Ballots will be mailed on or about February 26, 2002.

The election will be held on Tuesday, March 19, 2002.

Should you have any questions regarding the above, please contact
Christopher Bowen at (212) 299-2200 or Donna Talamo at (212) 299-2372.