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New York Mercantile Exchange (Nymex) reported that average daily volume throughout March rose 48% year-on-year, representing a new record for the exchange.
"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."
Clive Furness, MD, Contango Markets