The rumor is not only is the New York Mercantile Exchange (Nymex) looking to sell its building, but it could move to the New York Stock Exchange, which is already rearranging its floor for the new tenant. The NYSE in the run for Nymex is a bit of an oddity, with the most likely player for Nymex’s affection being the Chicago Mercantile Exchange or CME Group. Last November, prior to the InterContinental Exchange’s failed run at the Chicago Board of Trade, a CME official noted with confidence that Nymex would be the next target after the CBOT purchase was finished. Seems some at Nymex are hoping for it, especially floor traders who are said to be having a morale issue. Whatever happens it probably will be soon as Nymex is on a trajectory to sell its building and put itself on the block. With Nymex products trading on Globex already, CME Group seems the right fit, while Nyse/Euronext might be better off going after ICE.
Tags: futures exchanges
