Nymex hopes Globex launch will renew Brent crude interest

New York Mercantile Exchange (Nymex) will list a version of its Brent crude contract on Chicago Mercantile Exchange (CME)'s Globex system. In line with existing Nymex offerings on the platform, the contract was to be financially settled.

The exchange said that physically settled contracts like those traded in the Nymex pits would be available within six months of the Globex switch, which took place on 12 June. However,...