New York Mercantile Exchange (Nymex)'s London open outcry trading facility opened on 12 September with the exchange claiming a successful launch and predicting future volume growth.
According to Roy Leighton, chairman of Nymex Europe, the new venture had 76 traders and 12 firms signed up to trade Brent crude at launch. On the first morning, traders from firms including Calyon, BNP Paribas and Amerex were present on the floor, while Refco and Man Financial were amongst the noticeable absentees.
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