Three-way battle still on as non-compete runs short
Chicago Mercantile Exchange (CME) officials moved to clarify
news reports saying the exchange had slated a June launch for
energy products that would see it enter the ongoing battle
between New York Mercantile Exchange (Nymex) and
Intercontinental Exchange (ICE).
CME spokesperson Allan Schoenberg told FO Week, "We
do not have an official launch date," countering an earlier Dow
Jones report. Exchange officials have stated that CME would
announce something more definitive about energies in the next
month or so. CME has a non-compete agreement with Nymex due to
end on 17 June.
Market users were still questioning whether CME would be
able to offer something markedly better than what is available
at Nymex or ICE, although the latter exchange did launch an
impressive electronically traded WTI crude oil futures contract
on 3 February.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.