The Exchange announced last month that it would begin offering open outcry trading in London. In response to the announcement by the International Petroleum Exchange last week that it would close its open outcry trading on April 7, the Exchange reiterated that traders may immediately utilize its Dublin trading floor to trade Brent crude oil futures via open outcry.
Exchange President James E. Newsome said, "The Exchange is excited to create a new home for London-based traders who have expressed their desire to continue open outcry trading. We have developed incentive programs to help floor brokers, market makers, institutional investors, and independent traders create liquidity on the Dublin trading floor which will benefit the energy community."
