Editorial: Time to move

While New York Mercantile Exchange (Nymex)'s situation in the few months before its long-expected IPO cannot be described as critical, it is undoubtedly the case that the exchange is not in the rudest of health. With competitors for its two biggest franchises - energy and precious metals - now capturing up to 50% daily market share and the deal to use Chicago Mercantile Exchange (CME)'s Globex not widely believed to...