Nymex London Floor to Become a Hub?
EXCHANGE TECHNOLOGIES
LONDON—The European division of the New York Mercantile Exchange (Nymex) is mulling a conversion of its London trading floor into a hub that would be used by traders for electronic trading, a source familiar with the situation tells DWT.
Last week, Nymex Europe officials confirmed that the firm was seriously considering closing its London open-outcry trading floor due to a lack of interest from market participants and falling volumes (DWT, March 13).
"Nymex is to stop open outcry trading in
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