Nymex to join ConfirmHub
Nymex Holdings has executed a letter of intent to join other market players in support of the ConfirmHub standard, which allows energy traders and back offices to receive their Nymex brokered and bilateral over-the-counter cleared trades, as well as their futures and OTC trades, on a single confirmation platform.
Amerex, GFI Group, ICAP Energy, Tullett & Prebon Energy, TFS Energy and Spectron are among the institutions already supporting ConfirmHub.
Patrick McKinnon, executive director of ConfirmHub, welcomed the additon: "The world's leading energy exchange coupled with our current slate of the largest inter-dealer brokers will provide the industry with access to a vast majority of the energy market cleared, OTC and futures trade information in one place, at one time. As a developing standard, we couldn
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