Votes by New York Mercantile Exchange (Nymex) shareholders
and Comex members, expected towards the end of October, could
see the besieged exchange beat London Metal Exchange (LME) to
be first to roll out mini base metal contracts. A succesful
vote could also herald the expansion of Nymex's product suite
as well as side-by-side trading of full size metals
If Nymex was to turn out its mini-size contracts, which
would be traded on the Globex platform licensed from Chicago
Mercantile Exchange (CME), observers have said that it could
put LME at a disadvantage given the much smaller distribution
of its own Select trading platform.
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