Nymex announces job cuts

Nymex is to make 150 job cuts over the next 18 to 24 months as a result of its acquisition by CME Group in August 2008.

Individuals in positions being eliminated will be informed this week, according to a statement from CME Group, which added that the move reflected “the company's efforts to leverage synergies resulting from the acquisition”.

Nymex will maintain its present world and national headquarters in New York City, where the senior leadership team and all Nymex floor trading operations will continue to be based.

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