No date set for Comex electronic trading vote

Final votes by Comex members and New York Mercantile Exchange (Nymex) shareholders on plans to allow  metals contracts to be traded on screen during open outcry hours may not take place until the end of October. The news came despite agreement between the boards of directors at Nymex and its subsidiary Comex in the past two weeks (see FO Week Vol 11 No 38).

A source familiar with the situation told FO Week that tabling the votes was not a routine matter and that there were regulatory and other factors to take into account that could result...