IntercontinentalExhange (ICE)'s plans for its subsidiary, International Petroleum Exchange (IPE), to switch to electronic trading received a boost as ISV Patsystems announced the launch of an exchange-specific adapter, increasing speculation of a move towards screen trading in anticipation of New York Mercantile Exchange (Nymex)'s opening a London trading pit.
Nick Garrow, Pats' director of sales and product management, said that he believed...