Metals may not be on screen before November
Final votes by Comex members and New York Mercantile
Exchange (Nymex) shareholders on plans to allow metals
contracts to be traded on screen during open outcry hours may
not take place until the end of October. The news came despite
agreement between the boards of directors at Nymex and its
subsidiary Comex in the past two weeks (see FO Week
Vol 11 No 38).
A source familiar with the situation told FO Week that
tabling the votes was not a routine matter and that there were
regulatory and other factors to take into account that could
result in the votes being returned as late as November.
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