Newsome leaves CFTC to head up Nymex
James Newsome has quit as chairman of the US Commodity Futures Trading Commission (CFTC) to head up the New York Mercantile Exchange (Nymex). Newsome’s resignation is effective from July 23, and he will be president of Nymex from August 2, replacing Bo Collins. Collins left at the end of June due to a reduction of his compensation package, said a source at the exchange.
Newsome said: “Serving President Bush and the public as chairman during a period of
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