Global brokerage ADM Investor Services International (ADM)
has pulled out of New York Mercantile Exchange (Nymex)'s Dublin
Brent open outcry exchange, effective 20 May, choosing to trade
Brent only on International Petroleum Exchange (IPE)'s
ADM MD Mark Fox-Andrews told FO Week that his firm
made the decision because the Dublin exchange is, "not
commercially and logistically worthwhile". He went on to say
that ADM has built an arcade at IPE which has become more
popular with the firm's Local client base than Dublin.
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