ICE/Nymex rivalry deepens over softs
Soft commodities such as coffee and sugar are the latest battleground for rival exchanges ICE and Nymex. David Watkins charts the showdown
A hard-fought battle over soft commodities looks set to deepen the rivalry between IntercontinentalExchange (ICE) and the New York Mercantile Exchange (Nymex).
Nymex is now offering cash-settled versions of some of the New York Board of Trade's (Nybot) flagship futures contracts – cocoa, coffee, cotton, frozen concentrated orange juice and two different sugar futures. These will be traded side-by-side on Nymex's own floor, as well as the Chicago Mercantile Exchange's electronic Globex platform.
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