The collaboration will develop OPEX, Optionable’s electronic energy options trading platform, and will fulfil Nymex’s aim of increasing its options trading, both open outcry and electronic. This could include using the technology on the floor to complement open outcry trading. Nymex chairman Richard Schaeffer said: “We recognise that options trading, both open outcry and electronic, will be a significant component of our future growth.”
This development follows Nymex’s move into electronic trading of energy futures in conjunction with the Chicago Mercantile Exchange in September 2006.
The week on Risk.net, July 7-13, 2018Receive this by email