Less than two weeks after International Petroleum Exchange (IPE) and New York Mercantile Exchange (Nymex) went head to head in the battle for Brent futures volume, IPE's partial move to screen trading has proved more immediately successful than Nymex's Dublin floor offering. IPE traded a record 57,509 contracts in its 9 November morning session, more than double the average of 23,652 over the previous eight mornings.
With the surge partly down to underlying oil market conditions, Nymex also had a boost, albeit a smaller one. The exchange posted back to back records of 6,999...