New York Mercantile Exchange (Nymex) is believed to be closing in on a deal that could strengthen its presence in Europe after a dismal attempt to launch an exchange in London failed last year.
The exchange said it planned to initiate winding down its status as a recognised investment exchange (RIE) back in January, a move that it said would hopefully be completed by the end of the first quarter. By press time Nymex Europe still existed as an RIE.
However, sources have told FO Week that Nymex had...