LME minis beat Nymex out of blocks

18 Dec 2006

New York Mercantile Exchange (Nymex) registered a mere 27 lots traded in its newly launched London Metal Exchange (LME) mini lookalike contracts through 12 December, swamped by its counterpart in the first round of the exchanges' primary bout to gain marketshare.

In comparison to Nymex's sluggish start, LME saw a much faster jump out of...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.