A Tale of Two Exchanges

Exchanges

Two new exchanges opened for business in September: the New York Mercantile Exchange(Nymex) in London, and the Dubai International Financial Exchange (DIFX). Butthe similarities end there.

The DIFX launched on Sept. 26 with the grand aim of becoming “the leadingexchange in its region for equities, bonds, funds, Islamic products and othersecurities,” according to an official statement. Just two weeks earlier,Nymex launched its open-outcry floor in London in a direct effort to competewith the

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