The court battle between the energy industry’s two trading exchange giants, IntercontinentalExchange (ICE) and the New York Mercantile Exchange (Nymex), reached the boiling point last week with ICE, the energy industry’s largest over-the-counter (OTC) trading platform operator, filing an answer and a counterclaim to a Nymex lawsuit in November.
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ICE Countersues Nymex for Abuse of Monopoly Power
IntercontinentalExchange (ICE), the energy industry’s largest over-the-counter (OTC) trading platform operator, filed an answer and a counterclaim Monday to the New York Mercantile Exchange’s (Nymex) lawsuit in November. ICE is charging Nymex with abuse of monopoly power for claiming copyright protection over its settlement prices and for its recent efforts to launch an OTC trading platform similar to the one ICE currently operates.
January 7, 2003
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