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Nymex to launch two new contracts

19 Nov 2007

New York Mercantile Exchange (Nymex) will introduce two new products in early 2008 - the MACI futures and the Backwardation-Contango...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.