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Thursday, January 19, 2006

What's That I Hear? Nymex Oil Futures on Globex?

Nymex May Offer Oil Futures on CME's Globex System, People Say
Jan. 19 (Bloomberg) -- The New York Mercantile Exchange, the world's largest energy market, may shift electronic trading of its oil, natural-gas and gasoline contracts to the more widely used Globex system of the Chicago Mercantile Exchange. The Nymex board has formed a subcommittee that is considering using the CME's Globex, the biggest electronic- trading system for interest-rate futures contracts, to replace its Access system for after-hours trading of energy futures, according to two people briefed on the matter who declined to be identified because the deliberations are private. Read More....