NYMEX Cries Out For More

TRADING TECHNOLOGY

Three weeks after announcing its plans to set-up shop in Dublin, the New York Mercantile Exchange (Nymex) opened a trading floor in Dublin for open-outcry crude oil futures last month. The exchange's new floor launched its bid to compete openly with the International Petroleum Exchange (IPE), but there is more to the bid than offering a simple alternative: At the heart of Nymex's bid to attract traders to its new floor is its promise to limit electronic trading for good.

"Both our oil industry

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