New York Mercantile Exchange (Nymex) has finally signed a
deal to lease floor space for its London Brent trading
operation, although a spokesperson said that the exchange has
yet to apply for Financial Services Authority (FSA) approval to
open an exchange.
However, the spokesperson also told FO Week that an
application was expected in the coming few days, and said that
a London opening could happen as soon as this summer -
significantly less than the six month wait widely anticipated
in the market.
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