Nymex strikes India deal with MCX

12 Jun 2006

New York Mercantile Exchange (Nymex) and Multi Commodity Exchange of India (MCX) have signed a five-year licensing agreement for the use of Nymex settlement prices in natural gas, heating oil and gasoline futures.

The prices will be used for the settlement of equivalent MCX energy futures contracts which are rupee denominated and one tenth the size of the Nymex contracts.

Jim Newsome, Nymex's president...

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