Nymex property sale report stokes merger rumours

Speculation that the New York Mercantile Exchange (Nymex) is undergoing merger negotiations with NYSE Euronext has grown following a report that the exchange is looking to sell its lower Manhattan headquarters.

The New York Post reported today that Nymex was mulling over offers for its 15 storey tower at the World Financial Centre ahead of a deal to sell itself to another exchange.

The report noted that Nymex had retained Newmark Knight Frank to evaluate potential offers, but could also be close to engaging real estate advisor Cushman & Wakefield. Several financial institutions and real estate companies, including Nomura Securities, developer Larry Silverstein, Brookfield Properties, Citigroup and

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