Lawsuit may force Nymex/ICE deal

Fears that a legal battle with New York Mercantile Exchange (Nymex) could spell the end for IntercontinentalExchange (ICE) could lead to the sale of ICE to Nymex, industry sources told FO Week.

Nymex is suing ICE, alleging that its electronic competitor has broken copyright laws by using Nymex's settlement prices (see FO Week Vol 7 No 47). Observers noted that if the court rules...