Re-energising Nymex

In his first year as president of Nymex, Bo Collins has launched a series of ground-breaking product initiatives. Now he’s mulling credit mitigation tools for the besieged energy trading industry

Just two months after Robert ‘Bo’ Collins took up the reins as president of the New York Mercantile Exchange, Nymex was faced with an unprecedented challenge: rebuilding after the September 11 terrorist attacks. Nymex, then situated only 100 yards from Ground Zero, was forced to cease trading, and its attempt to fall back on its untried internet-based trading service, Access, was largely unsuccessful. It faced another challenge when liquidity in its new Brent futures contract dried up

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