Setting a new pace

‘Broken records and shattered dreams’ was the headline for last year’s exchange review – but it could easily have been appropriate for this year’s. Certain exchanges have reported stellar growth, while others are suffering, for various reasons. By Joel Hanley and Robin Lancaster

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If one name other than Enron came to dominate energy trading news stories in 2001, it was IntercontinentalExchange (Ice). The Atlanta, Georgia-based exchange increased its trading activity 15-fold over the course of 2001.

Ice’s success was in some ways down to problems elsewhere, with EnronOnline in a position only to post prices following the demise of Enron Corp in December and trading on the New York Mercantile Exchange (Nymex) affected by the events of September 11. Situated in the World

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