Nymex’s side-by-side trading seen as deathknell to floor
Currently, electronic trading on the exchange’s Access platform takes place only when its trading floor is closed. The new side-by-side electronic trade will take place on Nymex’s ClearPort platform.
“We believe that electronic trading of our full-sized, floor-traded contracts will be the perfect complement to our robust and liquid open outcry markets,” commented Nymex president James Newsome.
However, although Nymex has been a staunch supporter of open-outcry trade in recent years, many market
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