Oil firms were last week in discussions with International
Petroleum Exchange (IPE) in an attempt to overcome rules which
could bar them from electronic trading when side-by-side
trading of Brent crude futures begins this week.
Oil traders BP and Glencore were in discussions with IPE and
Financial Services Authority after they had learnt that a
technicality related to a long-standing term in a trading
agreement prevented them from trading electronically.
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