Nymex, MX Ready New Canadian Bourse
"We're shooting for the first quarter; however, there are a lot of things we are seeing that were not expected, such as some unforeseen challenges on the regulatory side," says Reid Fishering, head of new product development at Nymex.
The launch of the new bourse might be delayed by the wait for approval by the Alberta Securities Commission (ASC), the regulatory body governing the capital markets industry in the province of Alberta.
The possible holdup however, is a due diligence and procedure
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