Fuel injection for Nymex Europe

21 Oct 2005

In a bid to boost trading at its struggling European energy exchange, New York Mercantile Exchange (Nymex) has told FO Week it is awaiting Financial Services Authority approval to launch what it described as "complementary energy products" to the Brent crude contracts currently offered.

Chairman of Nymex Europe, Roy Leighton, told FO Week when the...

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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.