The New York Mercantile Exchange’s (Nymex) announcement late Wednesday that it intends to enter the soft agricultural commodity futures markets ruffled more than a few feathers in the trading world, chiefly those of the New York Board of Trade (Nybot), which accused Nymex on Thursday of a “transparent attempt to interfere” with Nybot’s $1 billion-plus merger with IntercontinentalExchange (ICE).
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Nybot Accuses Nymex of Interfering with ICE Merger
The New York Mercantile Exchange’s (Nymex) announcement late Wednesday that it intends to enter the soft agricultural commodity futures markets ruffled more than a few feathers in the trading world, chiefly those of the New York Board of Trade (Nybot), which accused Nymex on Thursday of a “transparent attempt to interfere” with Nybot’s $1 billion-plus merger with IntercontinentalExchange (ICE).
December 25, 2006
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