New York Mercantile Exchange (Nymex) has de-listed two of
its electronically traded softs contracts after dismal volumes
and a lack of customer interest.
The exchange has been forced into dropping its sugar No 14
and frozen concentrated orange juice (FCOJ) contracts from
Chicago Mercantile Exchange (CME)'s Globex trading platform
after six months of miserable trading volumes.
Nymex launched cash settled contracts on coffee, cotton,
FCOJ sugar No 11 and sugar No 14 in January (see FO
Week Vol 12 No 1) but has taken the decision to remove two
of the contracts from the platform.
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