New York Mercantile Exchange (Nymex) plans to enter into the
emission credit futures markets, a move that may challenge
Chicago Climate Exchange (CCX).
Nymex executives voted last week to create new futures
contracts in nitrogen oxides (NOx) and sulphur dioxide (So2)
While the contracts are in the initial development stages,
Nymex believes there will be interest from its current
membership, who are heavy traders of energy products.
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