Nymex pit opens in London

Some 76 individuals and 12 companies showed up to trade Brent and gas oil futures on the first day of trade at the New York Mercantile Exchange’s London trading floor today (Monday).

The exchange brings open-outcry trade in energy futures back to the City for the first time since the closure of the International Petroleum Exchange’s floor four months ago. By the close of trading, Nymex Europe's Brent crude oil futures contract reached an estimated volume of 16,591 contracts.

“Open outcry is back in London,” announced Mitchell Steinhause, vice-chairman of Nymex Europe, before ringing the opening bell. “Open outcry is our lifeblood,” he stressed, adding his belief that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here