New York Mercantile Exchange (Nymex) and its Comex division
last week reached an agreement regarding Comex trading rights
and electronic trading, a move that could open the door for the
exchange to launch its e-mini base metals contracts as well as
allowing side-by-side trading of its precious metals
It was believed that Nymex Europe had designed a
specification for electronically traded mini-sized contracts in
copper, aluminium and zinc and had already been granted
authorisation to launch the product, aimed at both the retail
and fund markets, by the UK's Financial Services Authority.
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