Davis Polk & Wardwell is advising JPMorgan as financial adviser to NYMEX Holdings in connection with its proposed acquisition by CME Group. The companies expect the merger to close in the fourth quarter of 2008.

Chicago-based CME Group is a combined entity formed by the 2007 merger of the Chicago Mercantile Exchange and the Chicago Board of Trade that provides the widest range of benchmark futures and options products available on any exchange, covering all major asset classes. New York-based NYMEX is the parent company of the New York Mercantile Exchange, the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals.

The Davis Polk corporate team includes partner George R. Bason Jr. and associates Ashleigh S. Kyle and Jeffrey M. Glasheen, all of the New York office.