Abstract
This chapter is a fascinating story of how a small, electronic platform eventually bought a major oil exchange. Electronic trading had solid support from some of the biggest names and liquidity providers in oil trading: BP, Shell, Total, Goldman Sachs, and Morgan Stanley. In return, investing in the exchange was probably the most profitable venture they ever made. It is also a story of how the selfish interest of a few entrenched incumbents, supporting the old, open outcry trading method can backfire spectacularly.
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Peniket, D. (2023). Brent and the International Petroleum Exchange. In: Imsirovic, A. (eds) Brent Crude Oil. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-28232-4_7
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