Exchanging blows

Growth in volumes, new products and a rush to capitalise on the changes in the energy market post-Enron saw the US’s two biggest exchanges post record figures. But as 2002 drew to a close, the New York Mercantile Exchange (Nymex) and the IntercontinentalExchange (Ice) traded legal blows in their fight for dominance in the futures and over-the-counter (OTC) markets.

In November, Nymex sued its Atlanta-based rival for alleged copyright infringement over Ice’s use of Nymex settlement prices for

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: