NYMEX member expects push for ruling on CME payout


NEW YORK, Aug 18 (Reuters) - Outspoken NYMEX Holdings Inc member Robert Sahn said on Monday he expects fellow members to push for a ruling from the IRS on how to tax a payout from CME Group Inc , which is in the midst of acquiring the New York energy and metals exchange. NYMEX members threatened to sink the proposed acquisition last week, when it was revealed that a $750,000 payout to each of the 816 NYMEX seat holders would be taxed as "ordinary income," instead of as lower-taxed "capital ...

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