New York Mercantile Exchange (Nymex) scored a blow last week
in its on-going battle with IntercontinentalExchange (ICE) when
allegations of exerting monopoly power were thrown out of
Judge John Koeltl, of the US District Court Southern
District of New York, dismissed four out of fiveclaims lodged
by ICE in response to a lawsuit filed last November, in which
Nymex charged ICE with breach of copyright for using Nymex
prices to price ICE products. The Atlanta-based platform
claimed Nymex's efforts to deny ICE use of it settlement prices
amounted to monopolistic behaviour. It also alleged that Nymex
had sought to monopolise trading in energy futures contracts
and over-the-counter energy trades, conspired with certain of
its members to restrain trade and illegally tied its execution
services to its clearing services.
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