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CME Group has announced it will cut 150 positions at Nymex Holdings as part of its integration plan, a 38% reduction from the current roster of 380 employees. The job losses will occur gradually over the next 12 to 18 months. All Nymex staff...
"[This will] further consolidate the DME Oman contract as the third global crude oil pricing benchmark, alongside WTI and Brent.”
Ahmad Sharaf, chairman of the Dubai Mercantile Exchange