New York Mercantile Exchange (Nymex) could move its
electronic contracts to UK registration if it remains unhappy
with the US regulatory structure, president Jim Newsome has
Speaking at Commodity Futures Trading Commission (CFTC)'s
hearing on overseas exchanges, Newsome said, "We are a full
registerer in FSA [UK regulator Financial Services Authority].
We prefer to have our core contracts regulated by CFTC as a US
contract market, but if, from
a competitive standpoint, we get to a point that we think we
have to move our electronic contracts to FSA, then we will make
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