New York Mercantile Exchange (Nymex)

US energy prices: in line for a fall?

A combination of concerns in the second half of January 2003 has boosted US oil and natural gas prices to levels not seen since the winter of 2000/2001. Will the higher prices stick? Logical Information Machines examines cause and effect

Playing a waiting game

With energy – and particularly natural gas – costs on the rise, are end-users finally coming to terms with the importance of hedging or are they still waiting to get burned before they enter the hedging market? Kevin Foster reports

Exchanging blows

Conflict in the US and growth in Europe marked another turbulent year for energy exchanges. Kevin Foster casts an eye back over 2002

US gas market challenges

A new report from the investigative office of the Federal Energy Regulatory Commission finds that competitive natural gas markets in the US are robust, but warns of challenges ahead. Kevin Foster reports

Crude oil takes a double hit

Mark Powell of GlobalView Software looks at how crude prices are being affected by the impending war with Iraq and the general strike in Venezuela

Blurring the lines

A turf war between Atlanta’s IntercontinentalExchange and the New York Mercantile Exchange reveals a shift in the traditional role of over-the-counter brokers and exchanges, finds Catherine Lacoursière

Ice opens doors to futures exchange traders

Atlanta-based commodities exchange IntercontinentalExchange (Ice) has received approval from the US Commodity Futures Trading Commission (CFTC) permitting registered traders and locals with floor or electronic trading privileges on any regulated US…

Euronext pays CME $7.5m to settle Wagner patent dispute

Pan-European exchange Euronext will pay the Chicago Mercantile Exchange (CME) $7.5 million related to settlement of an indemnification dispute. The dispute revolves around the CME’s $15 million deal in August last year with electronic brokerage eSpeed…

Nymex to launch OTC trading platform

The New York Mercantile Exchange (Nymex) said it plans to introduce a trading platform designed for over-the-counter energy market participants in January, with beta tests beginning next week.

Nymex sues Ice as battle for market supremacy mounts

The New York Mercantile Exchange (Nymex) is suing IntercontinentalExchange (Ice), the Atlanta-based online commodities trading platform, for alleged copyright infringement, a Nymex spokeswoman told RiskNews . Nymex and Ice have been fighting for…

eSpeed settles patent dispute with CBOT and CME

eSpeed, a subsidiary of interdealer broker Cantor Fitzgerald and developer of electronic trading technology, has settled its lawsuit against the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) over infringement on patented…

Crude futures hit six-month highs

Crude oil futures on the New York Mercantile Exchange (Nymex) hit six month highs of $25.61 a barrel (bbl) on March 21 as a combination of rising demand, continued supply curbs and fears of US action against Iraq drove prices higher.

Nymex’s problems continue

One unexpected victim of market disruption following the events of 11 September has been the New York Mercantile Exchange's (Nymex) new Brent futures contract – a key weapon in the exchange’s battle for supremacy with London’s International Petroleum…

Nymex falls back on internet service

The New York Mercantile Exchange (Nymex), closed since Tuesday due to its proximity to the World Trade Center, plans to fall back on an untried internet-based service to give clearing members access to energy and metals futures contracts price discovery.

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