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Nymex Holdings Inc – ‘DEFA14A’ on 3/6/03

On: Thursday, 3/6/03, at 11:48am ET · Effective: 3/6/03 · Accession #: 950123-3-2503 · File #: 0-32587

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/06/03  Nymex Holdings Inc                DEFA14A     3/06/03    1:31K                                    RR Donnelley/FA

Additional Definitive Proxy Solicitation Material — Schedule 14A
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: DEFA14A     Nymex Holdings, Inc.                                  16     44K 

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SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES 
EXCHANGE ACT OF 1934 (AMENDMENT NO.   ) 

Filed by the Registrant [X]                                                     

Filed by a Party other than the Registrant [ ]                                  

Check the appropriate box:                                                      

[ ]  Preliminary Proxy Statement                                                
[ ]  Confidential, for Use of the Commission Only                               
(as permitted by Rule 14a-6(e)(2))                                    
[ ]  Definitive Proxy Statement                                                 
[X]  Definitive Additional Materials                                            
[ ]  Soliciting Material Pursuant to Section 240.14a-12                         

NYMEX HOLDINGS, INC.  
--------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)

--------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than Registrant)

Payment of Filing Fee (Check the appropriate box):                              

[X]  No fee required.                                                           

[ ]  Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.   

(1)  Title of each class of securities to which transaction applies:  

        ------------------------------------------------------------------------

(2)  Aggregate number of securities to which transaction applies:     

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(3)  Per unit price or other underlying value of transaction computed 
         pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):  

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(4)  Proposed maximum aggregate value of transaction:                 

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(5)  Total fee paid:                                                  

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[ ]  Fee paid previously with preliminary materials.                            

[ ]  Check box if any part of the fee is offset as provided by Exchange Act Rule
  0-11(a)(2) and identify the filing for which the offsetting fee was paid
    previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.                   

(1)  Amount Previously Paid:                                          

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(2)  Form, Schedule or Registration Statement No.:                    

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(3)  Filing Party:                                                    

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(4)  Date Filed:                                                      

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    Good afternoon and thank you for attending today's forum. My name is Jesse
Harte and I am running for re-election in the Trade category.                   

    One can not talk about their past contributions one the Broad without also
talking about the future. As a business leader on the board the Chairman placed 
his trust in me to fully commit my personal resources to help continue the      
extraordinary growth the exchanged has experienced.                             

From helping market Clearport our OTC clearing vehicle to chairing the          
Petroleum Delivery committee I have used my 22 years of knowledge to ensure the 
exchange doesn't fail to offer the protection and the innovation that has Nymex 
enjoying record earnings and volumes.                                           

And all the hard work will start to pay off for us. We are close to launching   
our answer to The Brent contract that started unfortunately 4 days before 9-11. 
I have been one of the leaders that will hopefully offer the first physically   
delivered crude contract that will extend our branding of Nymex products. THIS  
IS THE FIRST STEP OF MANY that will allow us to increase our business model to  
be the marketplace in energy Services and risk management.                      

On the products side with the potential of new state regulations on   
gasoline for our delivery points in NJ and NY my chairing of the delivery       
Committee will allow me to help us keep current with the actual cash business   
that mirrors our futures business.                                              

 From a floor perspective I have traded in both crude and natural gas in
recent years and understand the community we serve both from the trade side due 
to my employment with Duke Energy but also from the fund side to my ownership of
Bay Area years ago.                                                             

From a financial side my vice chairing this year of the Finance Committee       
allows me to continue to try to vet our capital expenditure to a return on      
capital much like any 150 million plus company and to also examine in flush     
years a dividend to our shareholders.                                           

From the litigation front the challenge to defend or bundling of clearing and   
execution will be as important to us as our entire business model from OTC      
clearing to new products all revolve around one stop shopping. Once again my    
experience as a SVP at Daiwa's Securities will allow me to actively participate 
as our Board deals with these issues.                                           

In closing I feel that what is needed now as we continue to grow are directors  
who have been in these businesses that Nymex wishes to enter. Directors that    
have the contacts in the industry so we can offer new products and tools that   
will become the standards in which energy is traded. That will allow Nymex to   
keep its place as the premier energy exchange in the world.                     

Speech of Jesse B Harte For 3/6/03 NYMEX Forum                                  

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WILLIAM WALLACE - CANDIDATE'S FORUM SPEECH                                      
MARCH 6, 2003                                                                   

GOOD AFTERNOON, BOARD MEMBERS, SHAREHOLDERS, MEMBERS AND GUESTS.                

IN THE BRIEF TIME I HAVE TO SPEAK TO YOU THIS AFTERNOON I HOPE TO BE ABLE TO    
ANSWER THREE QUESTIONS FOR YOU -                                                

o  WHO AM I?                                                                

o  WHY DO I WANT TO SERVE ON THE BOARD?                                     

o  WHY DO I DESERVE YOUR VOTE?                                              

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WHO AM I?                                                                       

I AM A SENIOR VICE PRESIDENT FOR MAN FINANCIAL. I AM SOLELY RESPONSIBLE FOR     
MANAGING MAN'S ENTIRE FLOOR OPERATION. WE EMPLOY 60 PEOPLE ON THE FLOOR AND ARE 
ONE OF THE LARGEST EXECUTORS OF CONTRACTS ON THE EXCHANGE.                      

I GREW UP IN WASHINGTON HEIGHTS AT THE OTHER END OF MANHATTAN ISLAND. I AM THE  
FIFTH OF SIX CHILDREN. I GREW UP WITH FOUR OLDER SISTERS IN A TWO BEDROOM       
APARTMENT - WHICH WAS GOOD TRAINING FOR WORKING IN A CROWDED, NOISY PLACE, FULL 
OF TEMPERMENTAL PERSONALITIES, ALL INSISTING THAT THEY ARE FIRST IN LINE WHEN   
THE GOODS ARE BEING DOLED OUT.                                                  

I WENT TO HIGH SCHOOL IN THE BRONX AND HAVE WORKED FULL TIME EVERY DAY SINCE    
THEN. I WENT TO COLLEGE AT NIGHT AND GRADUATED FROM BARUCH WITH A BS IN FINANCE.

I SPENT THREE YEARS AT A BIG FOUR ACCOUNTING FIRM UNTIL I REALIZED I DID NOT    
WANT TO BE AN ACCOUNTANT. I GOT MY FIRST JOB ON WALL STREET IN THE FINANCIAL    
FUTURES DEPARTMENT OF KIDDER PEABODY.                                           

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AFTER PESTERING ED LEE FOR A JOB ON THE FLOOR WHEN WE WERE BOTH AT KIDDER, HE   
SUGGESTED I COME DOWN FOR A VISIT. BILL SCHAEFER SIGNED ME IN EVEN THOUGH HE    
PROBABLY DOESN'T REMEMBER THAT. ONCE I GOT TO SEE AND EXPERIENCE THE FLOOR, I   
KNEW, FOR CERTAIN, THAT IT WAS WHERE I WANTED TO BE.                            

WHY DO I WANT TO SERVE ON THE BOARD?                                            

NOW THAT YOU KNOW A LITTLE ABOUT ME. I WOULD LIKE TO TELL YOU WHY I WANT TO     
SERVE ON THE BOARD.                                                             

MUCH OF MY PROFESSIONAL SUCCESS HAS COME FROM MY ASSOCIATION WITH THE EXCHANGE. 
I STARTED HERE 12 YEARS AGO AS A SCREEN CLERK CHECKING CRUDE SCREENS. FOUR YEARS
LATER I BEGAN TO MANAGE OUR FLOOR OPERATION AND FIVE YEARS AGO I BECAME A       
MEMBER.                                                                         

NOW, I FEEL I OWE A MEASURE OF SERVICE TO THE EXCHANGE COMMUNITY.               

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WHY DO I DESERVE YOUR VOTE?                                                     

BECAUSE I HAVE DEMONSTRATED SUCCESS AT MANAGING AND GROWING ONE OF THE LARGEST  
FLOOR OPERATIONS IN THE BUSINESS. EIGHT YEARS AGO, WE EMPLOYED ABOUT 30 PEOPLE  
ON THE FLOOR. TODAY WE EMPLOY 60 AND ARE ONE OF THE LARGEST SINGLE EXECUTOR OF  
CONTRACTS ON THE EXCHANGE.                                                      

MAN IS A FIRM THAT HAS A GLOBAL REACH WITH MEMBERSHIPS ON EXCHANGES AROUND THE  
WORLD. WE FOUGHT TO MAINTAIN OPEN OUT CRY ON THE IPE IN LONDON. AND WE ARE      
COMMITTED TO MAINTAINING OPEN OUT CRY HERE. WE HAVE THE LIVELIHOODS OF 60 PEOPLE
BACKING UP THAT PROMISE.                                                        

MAN IS ONE OF THE LARGEST SINGLE SHAREHOLDERS ON THE EXCHANGE. THE BUSINESS OUR 
FLOOR GROUP EXECUTES ON THE EXCHANGE MAKES A SIGNIFICANT CONTRIBUTION TO MAN'S  
OVERALL SUCCESS.                                                                

I HAVE CONTACTS ACROSS THE ENERGY INDUSTRY IN ALL PRODUCTS AND THE MANAGED      
FUTURES BUSINESS. ON ANY GIVEN DAY, I CAN BE FOUND IN ANY OF THE RINGS -- EXCEPT
MAYBE FOR OPTIONS -- THAT'S FOR THE SMART GUYS LIKE BILL -- EXECUTING CUSTOMER  
ORDERS AND                                                                      

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ACTIVELY MANAGING OUR BUSINESS. THE FACT THAT I SPEND TIME IN ALL THE RINGS     
ALLOWS ME TO UNDERSTAND THE ISSUES FACING THE EVERYONE WHO USES THE EXCHANGE -- 
FLOOR BROKERS, LOCALS, AND OFF THE FLOOR TRADERS.                               

MY DEMONSTRATED SUCCESS AT MANAGING AND GROWING OUR BUSINESS; MAN'S             
INTERNATIONAL PRESENCE ON TRADING FLOORS AROUND THE WORLD AND MY DEEP KNOWLEDGE 
AND EXPOSURE TO ALL THE PRODUCTS TRADED ON THE FLOOR MAKE ME A UNIQUE AND ABLE  
CANDIDATE FOR THE FLOOR BROKER CATEGORY.                                        

I AM HONORED TO BE ABLE TO TAKE PART IN THIS ELECTION AND THANK YOU FOR YOUR    
TIME AND CONSIDERATION.                                                         

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WILLIAM T. WALLACE (WALZ) 

Dear Member:                                                                    

I would like to introduce myself and detail my qualifications to represent the  
Floor Broker category of the New York Mercantile Exchange ("the NYMEX") on the  
Board of Directors of NYMEX Holdings Inc. I began my career in commodities in   
1988 as margin clerk at Kidder Peabody Incorporated. I am now a Senior Vice     
President of Man Financial, Inc. Prior to coming to the NYMEX floor, I worked in
various capacities in the front and back offices of Man. In 1992, I began my    
career on the floor and now spend every day actively trading as a floor broker. 

At Man, I have been responsible for managing our NYMEX floor business for the   
past eight years and have been a member since 1998. Man currently employs 60    
people on the floor and owns 15 seats. Man has been a supporter of the Exchange 
since its inception and will continue to make a significant investment of its   
resources in the NYMEX's products and future initiatives. My experience will    
bring the Board ideas for improvement and implementation of best practices based
on my first hand, in-depth knowledge of NYMEX floor operations.                 

I understand the duty of all directors to represent the interest of all         
shareholders. Further, I understand the diversity of the NYMEX membership and am
committed to working to maintain the NYMEX's position as the first and best     
forum for energy trading. Commitment to the open out-cry system, development of 
new trading products and investments in technology are clearly the NYMEX's means
of maintaining this pre-eminence. I have had personal experience in trading the 
electricity contract and look forward to supporting its growth. Additionally,   
Man Financial recognizes the need for this contract in the energy marketplace   
and has committed its significant resources to help make the electricity        
contract one of the NYMEX's premier products.                                   

I recognize that the NYMEX and the floor community employ hundreds of people.   
Although these individuals do not have direct representation on the Board, I    
believe that the NYMEX's future growth and profitability, as a closely held     
organization or a publicly traded company, are dependent on the commitment of   
these individuals to the NYMEX's vision. I have close working relationships with
the entire floor community, am regarded as a leader and am committed to building
support among the community for Exchange initiatives.                           

I am a regular contributor to CNN and MSNBC financial news broadcasts. I believe
it is my responsibility as a member to enhance the public's awareness of the    
NYMEX and to regularly communicate to the financial community the importance of 
the role of the NYMEX in the marketplace.                                       

On a personal note, I was born and raised in the Washington Heights section of  
Manhattan. I graduated from Baruch College in 1993 with a Bachelor of Science   
degree in Finance and a minor in American history. While at Baruch, I worked    
full time at Kidder and Man while completing my degree. I currently reside in   
Forest Hills, NY and Mattituck, NY with my wife, Karen.                         

Thank you for time and consideration. I would appreciate your support in the    
Floor Broker category.                                                          

Sincerely,                                                                      

William T. Wallace                                                              

I, William Wallace, am the beneficial owner of one share of common stock of     
NYMEX Holdings, Inc. and one Class A membership in New York Mercantile Exchange,
Inc. A proxy statement containing important information about the election of   
directors of NYMEX Holdings, Inc. and other matters will be filed with the      
Securities and Exchange Commission and mailed to the stockholders of NYMEX      
Holdings prior to NYMEX Holdings' Annual meeting of Stockholders scheduled for  
March 18, 2003. You are encouraged to read the proxy statement when it becomes  
available. When it is filed with the SEC, the proxy statement, as well as all of
NYMEX Holdings' SEC filings, can be obtained free of charge from the SEC's      
website at www.sec.gov. Copies may also be obtained free of charge from the     
Office of Corporate Governance of NYMEX Holdings.                               

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Faber Speech                                                                    

Good afternoon. My name is Joel Faber and I am seeking reelection to the        
Board of Directors as an Equity Holder Representative. I have served the        
shareholders of NYMEX on the Board in this capacity for the last two (2) years. 
We have taken on new initiatives, have explored new opportunities and have      
encountered new challenges. It is easy to say, "There is still more to do." But 
here, it is certainly true. We are going into a new era as a public company.    
Other exchanges and other trading platforms are challenging the Exchange. How   
will we respond? How do we continue our open-outcry trading in an ever evolving 
technological world?                                                            

What does NYMEX mean to me? It is a place where I developed and ran a           
successful business. I have been a NYMEX member since 1978. My company,         
Faber's Futures, was the first firm on the floor to trade exclusively in the    
new energy contract at that time, heating oil. I served previously on the Board 
during the 1980's when the Exchange was struggling to survive. Not only did it  
survive, but I saw and participated in the Exchange's explosive growth. My      
professional and personal relationships that have been formed on the exchange   
are important to me.                                                            

What does NYMEX mean to you, the shareholders? It may likely mean many of the   
same things to you that it does for me. It is undoubtedly a place where you     
have one of your most valuable investments. This investment needs effective     
leadership to maximize the Exchange's growth and increase value. I understand   
how Boards of Directors work. My job and the job of my fellow Board members has 
been and will continue to be to act in the best interests of the shareholders.  
Over the years I chaired and served on numerous committees. I am particularly   
pleased to have served on the board committee that recommended the first        
dividend to NYMEX shareholders that was paid earlier this year. Obviously, the  
shareholders own the Exchange and deserve to be informed. Improved              
communication with shareholders is a top priority of mine. I offer you my       
commitment that I will focus my energies in enhancing shareholder value. The    
question I continuously pose to myself is "Will this action benefit NYMEX       
shareholders?" I will faithfully address the interests and requirements of all  
shareholders in the context of my being an Equity Holder representative. Thank  
you.                                                                            

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SCOTT HESS

shess@nymerc.com
(212)590-1597 

Dear Member:                                                                    

Although I am running unopposed, I wanted to take this opportunity to thank you 
for the input, guidance, and feedback you have provided me over the past six    
years. My success as a board member and, this past year, as a member of the     
executive committee is directly related to the suggestions and advice you have  
offered.                                                                        

I would like to thank you for your support and assure you that the relentless   
energy and dedicated commitment I put into my board service will not in any way 
be diminished over my next three years. If anything, I consider it a strong vote
of confidence that I am running unopposed, and will work even harder to merit   
the faith you have shown in my efforts.                                         

The next few years will prove critical to the future of the Exchange. While I   
have always made a priority of spearheading operational committees that see to  
the day-to-day needs and comfort of our members, I would also like to commit to 
you that I will place an equal emphasis on key strategic projects that will     
propel us forward in our leadership role to the energy and metals industries.   

For example, the chairman this year invited me to be part of a delegation he    
brought to China and to head up our Far East branding initiative, which will    
involve a number of key strategic alliances in this rapidly expanding area of   
growth. I will continue to take the lead on marketing and other outreach efforts
that can contribute to the further growth of this institution. I am particularly
enthusiastic about the potential for our new electricity contracts and honored  
to serve as chairman of that committee.                                         

I am very proud of the accomplishments of this Exchange during my  tenure on the
board and feel that our future has never looked as promising as it does right   
now. I thank you with all of my heart for allowing me to represent your         
interests at this most opportune time in our history and commit to continue to  
be available on any issue, any time. I am available on the floor each day, or by
e-mail at shess@nymerc.com.                                                     

Thank You,                                                                      

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David Greenberg 
DGRE
Dgreenberg@nymerc.com 
LOCAL 
212-822-7100
Speech

When I was first elected in 2000, I knew the new century would bring many       
dramatic changes for the Exchange. I never thought so many of them would happen 
during my three-year term.                                                      
From the long and eagerly anticipated (demutualization) to the unexpected       
(Enron's bankruptcy to the tragic event that took so many of our friends lives  
on September 11. the business operations of the Exchange have remained a        
reliable constant. I am very grateful for the opportunity you gave me to be     
part of the management team that successfully met the greatest challenges in    
our history. I am even prouder that we managed to achieve record volumes and    
seat prices and a return to profitability as well as giving out our first       
dividend as the world around us shifted.                                        
As a local who trades crude on the Exchange floor everyday I understand the     
needs of today's traders. As President of Sterling commodities (a local         
clearing house) I am in a position to view the perspective of all locals, from  
smallest to largest. My work with Sterling also enables me to bring to the      
board the ability to look at Nymex with the eyes of not only a trader but one   
who runs a successful corporation and someone who understands the               
responsibility of making choices which effect other people as well as there     
families.                                                                       
These qualities as well as my extensive committee work and my relationship with 
our members are some of the of the reasons why the chairman                     
Recently appointed me the corporate governance-working group I want to ensure   
that the floor community has a voice at that level.                             
I hope that no board of this Exchange will ever again face some of the issues   
that occurred during my tenure, but we have all learned that nothing can be     
taken for granted. The next few years will be crucial to the future of the      
Exchange. We need as many board members as possible who have already            
demonstrated their ability to perform under pressure and understand the complex 
issues facing the Exchange.                                                     
Even more importantly, we need individuals with the energy, stamina, and        
leadership qualities to remain one step ahead of the competition and provide us 
with the vision that will enable us to remain the world's foremost energy and   
metals marketplace.                                                             
My family realizes the time I spend working for board of nymex is time spent    
ensuring our future.                                                            
I look forward looking into the pits and seeing my son Richard, the third       
generation of traders in my family years from now                               
Thank you for your continued support                                            
----------                                                                      
I, DAVID GREENBERG AM THE BENEFICIAL OWNER OF ONE SHARE OF COMMON STOCK OF      
NYMEX HOLDINGS, INC. AND ONE CLASS A MEMBERSHIP IN NEW YORK MERCANTILE          
EXCHANGE, INC.                                                                  

A PROXY STATEMENT CONTAINING IMPORTANT INFORMATION ABOUT THE ELECTION OF        
DIRECTORS OF NYMEX HOLDINGS, INC. AND OTHER MATTERS WILL BE FILED WITH THE      
SECURITIES AND EXCHANGE COMMISSION AND MAILED TO THE STOCKHOLDERS OF NYMEX      
HOLDINGS PRIOR TO NYMEX HOLDINGS' ANNUAL MEETING OF STOCKHOLDERS SCHEDULED FOR  
MARCH 18, 2003. YOU ARE ENCOURAGED TO READ THE PROXY STATEMENT WHEN IT BECOMES  
AVAILABLE. WHEN IT IS FILED WITH THE SEC, THE PROXY STATEMENT, AS WELL AS ALL   
OF NYMEX HOLDINGS' SEC FILINGS, CAN BE OBTAINED FREE OF CHARGE FROM THE SEC'S   
WEBSITE AT WWW.SEC.GOV. COPIES MAY ALSO BE OBTAINED FREE OF CHARGE FROM THE     
OFFICE OF CORPORATE GOVERNANCE OF NYMEX HOLDINGS.                               

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JOHN LAWRENCE MCNAMARA

    I'm going to be brief and relinquish my time to the other candidates. I am
fortunate to stand before you, this election cycle unopposed. Although I believe
I've done my share of hard work these past 2 years I am aware that my lack of   
opposition owes more to the work and accomplishments of our Chairman, Vincent   
Viola than anything else. I am honored and pleased to be able to serve him and  
you for another 3 years.                                                        

                                                                      Thank you.

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Dear Fellow Shareholders:                                                       

 Good afternoon. My name is Michael McCallion and I'm pleased to be here
today. I came to Commodities 23 years ago as a Comex clerk for Dean Witter,     
rising to vice president of energy trading on the floor of the New York         
Mercantile Exchange. As a NYMEX local for the past 12 years, I have traded      
solely for my own account to meet the needs of my family. Being a local has been
100% of my business focus. I have no other agendas, nor obligations. In running 
for the local seat, I am offering my business experience, years of committee    
service and the integrity to help us move forward to secure increased           
profitability, a dominant global position, and extended shareholder value.      

    Those of you who know me know that I always complete what I set out to do.
My past service is a testament to the accomplishments that a wholehearted       
commitment can bring. It was only a few short years ago when we moved from      
elbowing our way in the pit at Four World Trade to our current position as an   
international energy powerhouse at our state-of-the-art facility here at North  
End Avenue. Our foresight in planning the space has enabled us to control our   
own destiny. We were able to ensure a rapid resumption of the flow of business  
in the aftermath of September 11th, and are currently enjoying the flow of      
revenue as landlords. Yet there's more work to be done. My motivation in        
acquiring the local seat is simple: What is in the Exchange's best interest is  
in our personal best interest.                                                  

  I am proud to have been an integral member of the physical and financial
transformation of the Exchange and look forward to continuing, with your vote,  
to increase NYMEX's profitability, market share and visibility. Toward this end,
I am anxious to embrace initiatives that will add value to your membership.     
There are a few particulars.                                                    

    -    First, continue to nurture the liquidity and transparency of the open
          outcry system as the base for all future growth of the Exchange. It is
our most valuable commodity.                                

     -    Second, enhance seat value by making each trading right fully portable
to ameliorate our ownership positions.                      

     -    Next, we must expand our product base by aggressively -- and correctly
-- target marketing our E-miNYs, and by reintroducing P.J.M.
   electricity and Brent Crude oil futures through our open outcry
system.                                                     

--------------------------------------------------------------------------------
I, Michael McCallion, am the beneficial owner of 1 share of common stock of     
NYMEX Holdings, Inc. and 1 Class A membership in New York Mercantile Exchange,  
Inc.                                                                            

1.   A proxy statement containing important information about the election of   
    directors of NYMEX Holdings, Inc. and other matters will be filed with the
    Securities and Exchange Commission and mailed to the stockholders of NYMEX
    Holdings prior to NYMEX Holdings' Annual Meeting of Stockholders scheduled
    for March 18, 2003. You are encouraged to read the proxy statement when it
   becomes available. When it is filed with the SEC, the proxy statement, as
    well as all of NYMEX Holdings' SEC filings, can be obtained free of charge
    from the SEC's website at www.sec.gov. Copies may also be obtained free of
charge from the Office of Corporate Governance of NYMEX Holdings.     

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 -  Also, we have to continue to refigure our physical space in order to
ensure the quality of the business lives of our members.        

-  And lastly, our paramount endeavor is to guarantee that our new    
electronic trading efforts enhance business flow to the floor.  

 I have had the opportunity to successfully work with each member of the
Executive Committee as part of my continued service to NYMEX. I was the only    
non-board member appointed by the Chairman to the project management committee  
for this facility, a vote of confidence that I embrace and cherish.             

This, coupled with the encouragement I have received from many of you,
makes me eager to continue my service to my fellow shareholders and to the New  
York Mercantile Exchange. Together, we have built an exchange that is robust    
and respected. We must continue to work together as a team in order to achieve  
our goals. I welcome your vote for local board member so I may continue to      
build upon NYMEX'S strong foundation and to cement our leadership position and  
future earnings.                                                                

------------------------------------------------------------------------------- 
I, Michael McCallion, am the beneficial owner of 1 share of common stock of     
NYMEX Holdings, Inc. and 1 Class A membership in New York Mercantile Exchange,  
Inc.                                                                            

1.  A proxy statement containing important information about the election of    
  directors of NYMEX Holdings, Inc. and other matters will be filed with the
  Securities and Exchange Commission and mailed to the stockholders of NYMEX
  Holdings prior to NYMEX Holdings' Annual Meeting of Stockholders scheduled
  for March 18, 2003. You are encouraged to read the proxy statement when it
 becomes available. When it is filed with the SEC, the proxy statement, as
  well as all of NYMEX Holdings' SEC filings, can be obtained free of charge
  from the SEC's website at www.sec.gov. Copies may also be obtained free of
charge from the Office of Corporate Governance of NYMEX Holdings.       

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JOHN LAWRENCE MCNAMARA
JMCNAMARA@NYMERC.COM

Dear Member:                                                                    

     Although I am running unopposed, I wanted to take this opportunity to thank
you for your support over the past two years and let you know how much I will   
continue to rely on your input over my next term.                               

There are many critical issues facing the Exchange at this            
juncture -- possibly more than at any time in our history. While I am sure you  
have been inundated with campaign letters pointing out the challenges we face   
and do not need them reiterated. I would like to reinforce your confidence in   
our board and management's ability to continue growing our business and assure  
you that it is well-placed.                                                     

     I am grateful for the opportunity you gave me to work alongside a leader of
the caliber of Vincent Viola and will always be proud that I was a part of the  
board that so courageously expedited our recovery from the World Trade Center   
attack and so competently managed the crises of the Enron and energy merchant   
collapses. As a matter of personal achievement, I am most proud of the role I   
was able to play in revitalizing our options contracts, and in the long-awaited 
introduction of calendar spread options -- contracts that continue to impress me
in their growth.                                                                

  Through my many years on the floor and in the business, I have gained an
appreciation for the role each segment of our community plays in providing a    
successful marketplace, and I would like to encourage you to continue to use me 
as a voice on the board to provide your perspective. As a board, we are only as 
good as the insight we share into our traders, customers, and equity owners.    
Please help me to become a better and better board member each day by giving me 
your feedback.                                                                  

Thank you again.                                                      

JOHN                                                        

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                                   Exchange Traded Products     tel 800 805 4508
                                   Mail Code 111-0401           fax 312 732 3348
      1 Bank One Plaza
            Chicago, IL 60670-0401

BANC ONE                                                                        
CAPITAL MARKETS, INC.                                                           

JOHN LAWRENCE MCNAMARA
JMCNAMARA@NYMERC.COM

Dear Member:                                                                    

     Although I am running unopposed, I wanted to take this opportunity to thank
you for your support over the past two years and let you know how much I will   
continue to rely on your input over my next term.                               

There are many critical issues facing the Exchange at this            
juncture -- possibly more than at any time in our history. While I am sure you  
have been inundated with campaign letters pointing out the challenges we face   
and do not need them reiterated. I would like to reinforce your confidence in   
our board and management's ability to continue growing our business and assure  
you that it is well-placed.                                                     

     I am grateful for the opportunity you gave me to work alongside a leader of
the caliber of Vincent Viola and will always be proud that I was a part of the  
board that so courageously expedited our recovery from the World Trade Center   
attack and so competently managed the crises of the Enron and energy merchant   
collapses. As a matter of personal achievement, I am most proud of the role I   
was able to play in revitalizing our options contracts, and in the long-awaited 
introduction of calendar spread options -- contracts that continue to impress me
in their growth.                                                                

  Through my many years on the floor and in the business, I have gained an
appreciation for the role each segment of our community plays in providing a    
successful marketplace, and I would like to encourage you to continue to use me 
as a voice on the board to provide your perspective. As a board, we are only as 
good as the insight we share into our traders, customers, and equity owners.    
Please help me to become a better and better board member each day by giving me 
your feedback.                                                                  

Thank you again.                                                      

/s/ JOHN LAWRENCE MCNAMARA

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘DEFA14A’ Filing	Date	First	Last	Other Filings

	3/18/03	8	14	DEF 14A
Filed on / Effective on:	3/6/03	3		10-K, 8-K, DEF 14A
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Nymex Holdings Inc – ‘DEFA14A’ on 3/6/03

On: Thursday, 3/6/03, at 11:48am ET · Effective: 3/6/03 · Accession #: 950123-3-2503 · File #: 0-32587

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Dates Referenced Herein and Documents Incorporated by Reference

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