Nymex and LCH.Clearnet form clearing alliance
The new London-cleared Nymex contracts will include WTI, Brent, gasoil, Henry Hub natural gas and electricity, and are expected to begin trading and clearing in mid-2008.
Existing LCH.Clearnet members who currently trade elsewhere can sign up with Nymex to trade US-cleared futures and OTC contracts including WTI, Brent, natural gas, RBOB gasoline, heating oil, electricity, and precious and base metals.
Both product slates will be available on one screen and customers “will achieve capital
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