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Shot in the arm for Nymex Dublin Brent trading floor


New York Mercantile Exchange (Nymex)'s recently expanded Dublin trading floor came to life on 11 April as dozens of displaced traders relocated to the Irish capital following the end of open outcry trading on International Petroleum Exchange (IPE).

An estimated 70 traders were on hand when the bell rang to mark the start of trading on Brent contracts at 10.00am (GMT); many had just arrived at the Dublin exchange facility, some with suitcases in tow.

There are now 180 traders registered to work at the exchange, Nymex said.

The scene was in stark contrast to 7 April - the final day of IPE open outcry trading - when only a handful of Locals traded in a near-deserted Dublin pit.

Most of the major firms have kept on a proportion of their IPE floor staff, with traders flying to Dublin for three days a...

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