IPE to go electronic on 7 April

Following a board meeting last week, International Petroleum Exchange (IPE) has announced plans to close its oil and gas trading pits, a move widely anticipated in the run up to the opening of London pits by New York Mercantile Exchange (Nymex). 

In a statement, IPE said that the decision had been taken in order to "maintain and enhance the competitive position of the IPE as well as to take advantage of...