Exchanges Tango in London

- Olivier Laurent
- 01 Apr 2006

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Here we go again. 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.

While volumes on the first day of trading were good, the honeymoon did not last long. "It's clear from the volume and activity that what they told us is not the reality," says Andy Gooch, CEO of Nymex Europe. "We are not going to continue to

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