ADM quits Nymex Dublin pit

Global brokerage ADM Investor Services International (ADM) has pulled out of New York Mercantile Exchange (Nymex)'s Dublin Brent open outcry exchange, effective 20 May, choosing to trade Brent only on International Petroleum Exchange (IPE)'s electronic platform.

ADM MD Mark Fox-Andrews told FO Week that his firm made the decision because the Dublin exchange is, "not commercially and logistically worthwhile". He went on to say that ADM has built an arcade at IPE which has...