Energy swaps

Nymex president quits Bo Collins,president of The New York Mercantile Exchange (Nymex), left the exchange on June 4. A Nymex source said Collins quit because the board had reduced his compensation package. “The board cut Collins’ pay from $1.2 million to $1 million and cut his equity options in half,” said the source. Nachamah Jacobovits, Nymex spokeswoman, told Energy Risk: “We have not yet found a replacement, but a search is planned.” Collins has