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Nymex set to lighten Globex load

by Paul Francis-Grey

New York Mercantile Exchange (Nymex) expects to de-list all of its look-a-like financially-settled contracts from Globex following the decision to dump its suite of energy futures back onto the floor.The exchange has placed priority onto its physically delivered contracts over its cash-settled equivalents after poor volume and a lack of interest being sparked from its trading members. In a letter sent to Commodity Futures Exchange Commission Nymex notified that it would migrate its financially...

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