Questions remain in Nymex E-Miny move

22 Aug 2005

New York Mercantile Exchange (Nymex) has postponed the migration of its E-Miny contracts from Chicago Mercantile Exchange's Globex electronic trading platform to its own ClearPort system, citing a review of strategic alternatives as the reason...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.