The exchange sector has been the center of more takeover speculation, especially after the merger of the trading pits in Chicago - the BOT and Chicago Mercantile Exchange (CME) - was approved. The news most notably affects the other major players: The NYSE (NYX), NYMEX (NMX) as well as the Intercontinental Exchange (ICE).
I'd like to use this column to focus on the New York Mercantile Exchange (NMX). I've been aggressively trading this stock for a few months now, and have noticed a trading box forming. It's a very interesting phenomenon to watch the trading action on this, especially while many longs are tied down with seat ownership.
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