Nymex seats fall as ICE charge continues

The price of seats at New York Mercantile Exchange (Nymex) has fallen significantly as the valuation reflected the early success of competition in oil markets from Intercontinental Exchange (ICE) and, some said, ongoing discontent at the price placed on the New York exchange in its private equity stake sale.

The first Nymex seat to change hands this year was sold on 9 February for $3.05m, the lowest valuation...