The Exchange announced on October 19 that it would open a floor in Dublin to provide an open outcry alternative in the European time zone for Brent futures, in response to customer and trader requests following the International Petroleum Exchange decision to move its morning session off of the floor to its electronic platform.
Exchange President James E. Newsome said, "I am very proud of the extraordinary effort made by traders and staff to successfully execute the unprecedented accomplishment of launching an exchange in two weeks. Most significantly, it is a strong message of our commitment to devote our full resources to meeting customer and market demand with the standards the industry has come to expect from our exchange. In the next week, we expect to see an increase in activity as a number of additional traders from London complete their application process and are approved to trade on New York Mercantile Exchange – Europe."
