Playing hardball
The New York Mercantile Exchange announced in December that it had launched six new soft commodity futures contracts, putting it in direct competition with the New York Board of Trade. What impact has this had on the market? Jayne Jung reports
The New York Mercantile Exchange's (Nymex) announcement in December that it is moving into soft commodities has caused a bit of a stir. The decision to launch six soft commodity futures contracts on its ClearPort clearing and trading platform, to be followed by an electronic listing on the Chicago Mercantile Exchange's (CME) Globex platform in January, puts it in direct competition with the New York Board of Trade's (Nybot) flagship soft commodity products. In doing so, it's ruffled more than a
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