95% of ClearPort clearing is gas

30 Mar 2007

New York Mercantile Exchange (Nymex)'s ClearPort clearing service, which lists 281 contracts, may have seen huge volume growth in 2006, but a large proportion of the products see little or no trade, FO Week has discovered.

Over 95% of volume going through ClearPort clearing facility...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.