Financial Times FT.com

‘Operational error’ leaves IPE traders fuming

By Päivi Munter in London

Published: April 7 2005 13:31 | Last updated: April 7 2005 17:57

Human error at the International Petroleum Exchange yesterday briefly raised fears that the IPE’s historic move to fully screen-based trading from today could be threatened.

Electronic trading in Brent crude oil futures on the IPE was suspended for about 1½ hours yesterday. This left traders, already unnerved by the closure of open outcry trading, concerned that the system was at fault.

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