News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

ICE plans price cut to freeze out Nymex

Nymex pledges $275m to convince members to trade gold electronically.

The Intercontinental Exchange yesterday laid down a direct challenge to the New York Mercantile Exchange with a plan to offer a 71% discount to Nymex local traders.

ICE Futures, the electronic energy trading market, has said that Nymex local traders will only pay $0.20 per trade rather than the $0.70 that regular ICE traders pay.

WSJ Logo