New York Mercantile Exchange (Nymex) has signed a deal to lease
floor space for its London Brent trading operation, although a
spokesperson said that the exchange has yet to make a final
application for Financial Services Authority (FSA) approval to
open an exchange.
However, Nymex has submitted its final draft application for
regulatory approval and expects final amendments and the full
application to be submitted within days. A spokesperson told FO
Week that a London opening could happen as soon as this summer
- significantly sooner than the six month wait widely
anticipated in the market.
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