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NYSE in CME, Nymex swoop?


As the competition over who will get their hands on Chicago Board of Trade (CBoT) heats up, there is rising speculation that NYSE/Euronext may be turning its sights on one of the suitors, Chicago Mercantile Exchange (CME) while others feel that it has identified a potential tie up with New York Mercantile Exchange (Nymex).

As far-fetched as some have described the rumours, some industry insiders said that the New York outfit is seriously considering such an audacious move.

NYSE/Euronext CEO John Thain repeated his interest in acquiring a US futures exchange at its annual shareholder meeting...

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