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Nybot accuses Nymex of interfering with merger

The New York Board of Trade has accused the New York Mercantile Exchange of interfering with its plans to merge with the IntercontinentalExchange by planning to list agricultural commodities on the Chicago Mercantile Exchange's Globex platform by the end of January.

Nymex, which chiefly trades energy and metal contracts, said is plans to list cocoa, coffee, cotton, frozen concentrated orange juice and sugar contracts on the Globex platform, in direct competition with Nybot. Nymex also said it would waive fees on the products through June 2007.

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