New York Mercantile Exchange (Nymex) has announced it was to
purchase a 19%-stake in Optionable, an OTC natural gas
brokerage service, sparking questions about a potential
conflict of interest as Optionable is also a broker on the
The deal, valued at $27.6m, could help the exchange provide
new options functionality for its OTC clearing platform
ClearPort. Nymex chairman Richard Schaeffer said Optionable's
"Opex technology is uniquely positioned to help us achieve our
But the deal raised some eyebrows among brokers because
Optionable is a floor broker at Nymex, clearing OTC trades on
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