Crude oil traders and brokers voiced scepticism over the IntercontinentalExchange's new electronic West Texas Intermediate (WTI) crude futures contract launched on February 3.
"I can't see it getting the necessary liquidity to make it work," says a broker with a European commodity brokerage. "People go where the liquidity is, and it's with Nymex," he adds.
Almost 200,000 light, sweet crude contracts - commonly know as WTI - change hands at the New York Mercantile Exchange a day, making it the
The week on Risk.net, March 10-16 2018Receive this by email