Lack of trades ended Nymex Dublin

THE Nymex Dublin experiment that started with such great hope in November 2004 collapsed because of a serious lack of oil trades through the centre.

Wed, 16 Feb, 2005 - 00:00
Brian O'Mahony, Chief Business Correspondent

Up to 10,000 contracts per day had been anticipated by Nymex in its first move outside of New York.

It opted for Dublin due to the quick approval that was forthcoming.

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CourtsPlace: New YorkPlace: DublinPlace: LondonPlace: EuropePlace: BrentPlace: IrelandPlace: BritainOrganisation: NymexOrganisation: Investment and Development AgencyOrganisation: IDAOrganisation: DublinOrganisation: New York Mercantile ExchangeOrganisation: International Petroleum ExchangeOrganisation: International Financial Services CentreOrganisation: IFSCOrganisation: Financial Services AuthorityOrganisation: New York Board of Trade
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