IPE dubs transition

10 Mar 2003

Despite glitches highlighted to FO Week by market users on its first day of operation, International Petroleum Exchange has declared the transition of its extended hours trading session in Brent crude and gas oil futures to IntercontinentalExchange (ICE's) WebICE trading platform a success.

The...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.