Notice No. 00-337
September 29, 2000


To:
ALL NYMEX/COMEX DIVISION MEMBERS/MEMBER FIRMS
ALL NYMEX/COMEX DIVISION CLEARING MEMBERS
ALL NYMEX/COMEX DIVISION FLOOR TRADERS
ALL NYMEX/COMEX DIVISION OPERATIONS MANAGERS

From: Neal Wolkoff, Executive Vice President

Re: Selection of Kiodex as enymexSM system provider


The Exchange and Kiodex Inc., an application service provider of 
risk-management solutions for the commodity markets, have agreed on terms to 
use the Kiodex Trade Engine as the order-matching system for enymexsm, the 
Exchange,s e-commerce venture that is intended to become the premier, global 
exchange for trading and clearing a wide range of standardized physical 
commodity contracts, with an initial focus in the energy and metals markets.

The Exchange and Kiodex have further agreed to co-market Kiodex,s companion 
product, the Kiodex Risk Workbench, which will be highly compatible with the 
Kiodex Trade Engine on enymexsm.  The Kiodex Risk Workbench will provide 
state-of-the-art portfolio management and risk analytics to its customers.

The Kiodex Trade Engine is an automated, scalable, fault-tolerant 
order-matching system that will enable customers to enter orders for cash and 
derivative commodity products and receive executions and confirmations.

enymexsm, which will be launched early in 2001, will provide a global 
one-stop shop for commodity risk management, providing a neutral 
internet-based trading and clearing platform for energy and metals products 
that were previously limited to over-the-counter markets where participants 
are exposed to counterparty credit risk. The Exchange plans to use its proven 
clearing infrastructure to introduce complete counter-party risk management, 
and create net margining with Exchange futures markets by calculating a 
consolidated clearing position.  Subsequent enymexsm functionality will also 
provide an internet-based interface to the established Exchange futures 
market by routing futures orders to the trading floor and the NYMEX ACCESSc 
electronic trading system, depending on the session.

Kiodex builds trading and risk-management technology and solutions for 
internet-based commodity markets. Kiodex was created to increase the safety, 
fairness, transparency, and liquidity of commodity markets. By embedding 
Kiodex,s technology in traditional and emergent commodity exchanges, portals, 
and web sites, the Company enables users to trade fairly and encourages the 
proper management of financial products that mitigate risk. Its home page is 
www.kiodex.com.



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