CME and Nymex window closing

22 Feb 2008

by Paul Francis-Grey, Jim Kharouf

CME Group’s talks to acquire New York Mercantile Exchange (Nymex) are due to wind up at the end of this month with commentators divided on the outcome.

The two exchanges, which announced publicly they were discussing a deal, will conclude their exclusive 30 day period on February 28. Spokespersons from CME and Nymex declined to comment on the progress of those talks or what might happen after the deadline.

It is not clear...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

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CME and Nymex window closing

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