Nymex results reveal cost of London closure

13 Nov 2006

New York Mercantile Exchange (Nymex) incurred a loss of $6m in one-time pre-tax charges during the third quarter of the year following the closure of its London premises, the exchange announced last week. In addition to the closure of the trading floor, the exchange also incurred...

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“The introduction of these contracts to trading represents a new stage in developing the Russian market in fixed income instruments as in essence futures on federal bonds are derivatives on long-term interest rates.”

Evgeny Serdyukov, director of F&O at RTS