Article: Nymex to Submit Plan to CFTC.(Commodity Futures Trading Commission, New York Mercantile Exchange creation of Middle East sour crude oil futures contract targeting Asia Pacific market)

The New York Mercantile Exchange (Nymex), which recently approved the creation of a Middle East sour crude oil futures contract targeting the Asia Pacific market, said Wednesday that it will soon be submitting the plan to the Commodity Futures Trading Commission (CFTC).

The proposed contract, approved by the ...

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