- Patrick Young
- Nymex Earnings Rise on Fee Growth
- biz.yahoo.com
Summary
Another exchange, another strong processing result…Just imagine what would hapen if they could close the bottleneck of the floor!
Analysis
NYMEX continues to impress but then again with Clearport amongst its offerings this is hardly surprising and let’s face it if you can’t make a lot of money in commodities in a period when oil and gold were centre stage, then when can you expect to profit?
Nevertheless, NYMEX has a good business overall. The big question is hypothetical – just how fast would it grow if the exchange was purely electronic?
That answer judging by similar experiences from other exchanges when they closed their floor trading, is “considerable.”
To put it mildly…
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