ICE - International Comedy Exchange

[Directional]

So - the day before IPE (now called the ICE) floats as an IPO, their entire exchange matching engine crashes - all trading is halted for over an hour towards the end of the day, not just any day, but on Brent exipiry day - so anyone holding open positions in Brent would in theory be liable for delivery if they hadnt managed to get the hamsters turning the wheels in their exchange systems again.

Then on Monday this week, their block trading facility goes down. All participants are asked to FAX block trades to the exchange.... err? what happened to email in this day and age?

Is this really an exchange we apparently value at over £1bn or a bunch of jokers in a tinpot sideshow shed juggling a few cans of oil?

 

[Pitscum]

ICE ICE Baby

ICE............yeah it freezes regularly.

load of shyte...ok im biased.

it has done nothing for the markets.

its volumes are double counted (especially on spreads)

it makes a skoda look more reliable.

its open interest is in decline as WTI's climbs

it lists a contract which is physcially in decline.

buy the IPO??? id rather swallow glass.