Nymex to Open Sinapore Office
Wednesday May 10, 2:01 am ET
New York Mercantile Exchange to Open Singapore Office
SINGAPORE (AP) — The New York Mercantile Exchange (Nymex), the world’s largest energy-futures marketplace, will open an office in Singapore on May 17, the company said in a statement late Tuesday.
My opinion: I think an office in Asia will encourage an increase in Asian futures traders. Any increase in the number of traders and capital should bring greater volatility to oil, gas, and other energies futures. More traders and capital brings more futures speculation. After the Nymex Singapore Office has a change to grow and develop, we could see greater price fluctuations in oil and gas futures prices – greater than the ones we have recently been seeing.
