Nymex Europe, the energy market based in London, has decided to close its open outcry trading floor on June 9 after which time its contracts will only be able to be traded electronically.

Nymex Europe has been recording disappointing volumes on its open outcry floor since its London launch in September last year. The exchange said that there was initially interest in the traditional open outcry trading model, but this demand never materialised.

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Nymex Europe quits open outcry

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