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You couldn't make it up!

The fact that $100 oil when it came, was as a result of an apparently manipulative "high tick" trade by locals just about sums up the current system, which is run by intermediaries, for intermediaries...

I'll believe NYMEX (which has always been run by locals for locals) takes compliance seriously the moment they start videotaping the trading floor, which was the first thing I introduced when I started as Head of Compliance at IPE 17 years ago.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Thu Jan 3rd, 2008 at 04:18:51 AM EST
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