January 16, 2002
Notice No.:  02-23


Initial List of Proposed Nominees for Election
to the Board of Directors of NYMEX Holdings, Inc.

Please be advised that the following persons were recommended as proposed
nominees for the 2002 elections:

1.  Recommended as Proposed Nominees for "VICE CHAIRMAN of the Board":
				(ONE three-year term)

				Robert Coakley	(SWIM)
				Mitchell Steinhause	(STEN)

2.  Recommended as Proposed Nominees for "Director":

PUBLIC
(ONE three-year term)
Melvyn Falis

FCM
(ONE three-year term)
Richard Schaeffer	(SHAF)

LOCAL
(ONE three-year term)
Kevin McDonnell	(KMAC)

FLOOR BROKER
(ONE three-year term)
Steven Karvellas	(KVL)


TRADE
(ONE three-year term/ONE two-year term)
Jeffrey Beicker
Stephen Forman
George Gero		(ANT)

EQUITY HOLDER
(ONE three-year term)
Joseph Cicchetti

AT LARGE
(ONE three-year term)
Eric Bolling		(RBI)
Richard Buccellato	(BUCC)
Michael Cardelfe	(MFC)
Daniel Dicker		(DANO)


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.