Andy Gooch has arrived as CEO of Nymex Europe at an interesting time for the exchange as parent company New York Mercantile Exchange looks to side-by-side screen and floor trading as it heads towards an IPO. He spoke to FO Week's Elliott Aykroyd about his plans to adapt the London-based market for electronic trading and restore its credibility having so far failed to gain traction as an open outcry exchange.
The last we heard you had left Calyon early last
year; how did the Nymex job come about?
I'd been at Calyon for 20 years so I thought I'd take the
opportunity for some time off, which tied me over until the end
of October. I was invited to an LME [London Metal Exchange]
dinner in November and by Nymex to go to a power trading forum
dinner, and at that stage I was beginning to miss the people
and the business. It was around then that I was approached by
Nymex for the role as CEO in Europe.
What sort of support have you seen from Nymex itself
for the European venture?
The support for Nymex Europe is very strong. When I started
talking to Nymex itself one of the key drivers for me was the
view of Nymex Europe and of the exchange's expansion globally
in product terms, and I have to say the support was one of the
things which convinced me to take the job. During these first
two weeks, which included IP [international petroleum] week,
I've had meetings with Nymex customers, internal meetings and
with DME [Dubai Mercantile Exchange].
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