Blackstone still favourite as Nymex weighs new bidder

25 Jul 2005

New York Mercantile Exchange (Nymex) has been considering a second possible private equity bid for the exchange, this time from General Atlantic.

Sources told FO Week that General Atlantic, based in Greenwich, Connecticut, was the latest firm to express interest in taking a stake in the exchange. The firm was...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.