OTC space braces for energy powerhouse
CME's potential acquisition of Nymex will have major ramifications for rivals, say analysts. David Watkins reports
The Chicago Mercantile Exchange's (CME) $11 billion offer for the New York Mercantile Exchange (Nymex) has been enthusiastically received in the energy trading space.
Several potential suitors, including NYSE Euronext and Deutsche Borse, were thought to be in negotiations but CME was first to make an official bid.
The potential tie-up between the two bourses to create the world's largest physical and financial futures exchange leaves many questions, particularly for the over-the-counter energy
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