News in brief: Nymex to launch 12 contracts

16 Apr 2010

Nymex to launch 12 contractsThe New York Mercantile Exchange will launch eight petroleum swap futures on April 25. They are the Singapore Mogas 95 unleaded vs. Singapore Mogas 92 unleaded spread (Platts), European 3.5% fuel oil (Platts) cargoes FOB Med BALMO, Singapore fuel oil 180 cst (Platts) crack spread, East-west naphtha: Japan C&F vs. cargoes CIF NEW...

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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.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.

News in brief: Nymex to launch 12 contracts

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