Exchange targets space at OMX premises
New York Mercantile Exchange (Nymex) has confirmed that it
is looking at leasing London floor space from Nordic exchange
and technology firm OMX for its Euopean Brent trading
A Nymex spokesperson told FO Week that the exchange
is "looking at that site," but that it had not signed an
agreement or put a proposal to its board by press time.
A spokesperson for OMX said that the firm does have space
available at Finsbury Pavement in the City for external parties
to lease but did not wish to confirm whether it has been
approached by Nymex. The spokesperson did say however that the
space was previously used for electronic trading by the
original OMX London exchange and subsequently EDX London. OMX
was expected to be keen to make a deal regarding the location:
it made a SKR130m ($18.7m) provision in its fourth quarter
results relating to auxiliary office space in New York and
London, which was subleased at a lower rent than OMX's
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