New York Mercantile Exchange (Nymex) has been considering
taking on London Metal Exchange (LME) on its home turf with
proposals to roll out mini-sized contracts and to clear OTC
base metal contracts.
Nymex Europe, which opened in London last year with the
assistance of former LME compliance chief Alan Whiting (see
FO Week Vol 10 No 25), was last week establishing
among market participants whether there is enough interest for
it to offer electronically-traded contracts to run alongside
its existing range of New York-based full-size copper,
palladium, gold and aluminium contracts.
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