Nymex threatens London move

New York Mercantile Exchange (Nymex) could move its electronic contracts to UK registration if it remains unhappy with the US regulatory structure, president Jim Newsome has said.

Speaking at Commodity Futures Trading Commission (CFTC)'s hearing on overseas exchanges, Newsome said, "We are a full registerer in FSA [UK regulator Financial Services Authority]. We prefer to have our core...