Screen switch nears at Nymex Europe

Senior management at New York Mercantile Exchange (Nymex) confirmed last week that a move to electronic trading at its London subsidiary was likely although they added that, contrary to reports elsewhere, no official decision had been taken.

Incoming Nymex Europe CEO Andy Gooch reaffirmed to FO Week that the exchange had set the wheels in motion for changes to the business model at the exchange. "The stance that we have taken is...