Nymex Mulls Closing London Floor
FRONT PAGE: EXCHANGE TECHNOLOGIES
LONDON—Just six months after opening, the European division of the New York Mercantile Exchange (Nymex) is seriously considering closing its London open-outcry trading floor, due to falling volumes and a lack of interest from market participants, confirm Nymex officials.
While volumes on the first day of trading were good, according to a press statement from Nymex Europe, the honeymoon did not last long. "It's clear from the volume and activity that what they told us is not the reality," says
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