New York Mercantile Exchange (Nymex) president Bo Collins is to leave the exchange amid growing attention on merger and acquisition possibilities involving Nymex.
Nymex has apparently rejected an initial bid from venture capital firm Parthenon Capital, and also had its own bid for rival IntercontinentalExchange (ICE) rejected, according to recent reports.
A spokesperson for the exchange said the list of candidates for the president's job is growing but no formal timetable has been set to replace Collins, whose contract expires at the end of this month,...