New York Mercantile Exchange (Nymex) and Chicago Mercantile
Exchange (CME)'s launch of side-by-side trading of Nymex
contracts has prompted some industry participants to say
Intercontinental Exchange (ICE)'s WTI crude oil futures will
come under threat. The switch was scheduled for 12 June.
Nymex will offer cash-settled futures on its energy
contracts, which some sources have said will not suit the needs
of hedgers in the market who prefer physical delivery. However,
there was a consensus that listing contracts side-by-side on
Globex was certain to expand Nymex's user-base and some also
believed that it would return volumes in the WTI crude oil
contract back to Nymex.
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