Nybot in Nymex sights

Nymex aims to buy Nybot as part of its expansion and acquisition drive, according to Nymex president Robert Collins.

The energy and metals exchange is planning an aggressive acquisition campaign, capitalising on the trend for consolidation in the exchange business and looking to diversify its business. While Collins said any acquisition plans were still “premature” he highlighted cotton, coffee, cocoa and sugar exchange Nybot as a prime candidate.

“We may have the opportunity to acquire Nybot, which we would be very open to. It’s a great way to diversify our products, we can consolidate some operating