Nymex London closes door on pit trading

New York Mercantile Exchange (Nymex)'s open outcry floor at its London operation Nymex Europe closed at the end of last week.

Nymex Europe CEO Andy Gooch told FO Week that although floor trading would cease the exchange's Brent and gasoil contracts would remain listed in London, being made available on Chicago Mercantile Exchange (CME)'s Globex platform when the first migration of Nymex products to the new system takes...