NYSE, Nymex tie up closer

The potential sale of New York Mercantile Exchange (Nymex) to NYSE Euronext remained a hot choice of debate as the derivatives world descended on London for International Derivatives Week with a tie-up between the two looking increasingly more likely, according to sources.While there have been official denials of a potential tie-up by exchange officials, sources familiar with the two markets said negotiations have been proceeding for several months. Sources also said that the lynch pin in the deal could be General Atlantic’s Bill Ford, as reported in FO Week last week (see FO Week 15/06/07), who has or had key...