New York Mercantile Exchange (Nymex) seat holders say they have the votes to block CME Group successfully capturing it.
Gary Glass, is forming the Nymex Trading Rights Holders Association, which will pull together two groups of seat holders who oppose the sagging offer from CME Group.
“The deal, as it stands now and came to a vote, is dead in the water,” Glass said. “We only need 205 (to block the deal) and I was at 306.”
Glass added that another group of members had about 160 no votes. Glass’ group and...