Nymex, LME to square off in December e-mini battle

Nov 21, 2006 | 11:06 AM | Chris Evans

The New York Mercantile Exchange will go head-to-head against the London Metal Exchange in December with its planned e-mini electronic contracts after members of its Comex metals division voted overwhelmingly in favor of Nymex's offer for its electronic trading rights.

Nymex was expected to confirm late Tuesday the Dec. 4 launch of side-by-side trading and e-mini metals contracts.

The exchange is set to roll out side-by-side floor and electronic trading of full-sized gold, silver, copper and aluminum contracts at 7 p.m. Dec. 3, which is considered the Dec. 4 trading day, according to sources close to the exchange. Half-sized e-mini gold, silver and copper contracts also will be introduced.....

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