Lynton Jones is the former chief executive of an exchange that no longer exists. The London-based International Petroleum Exchange (IPE), most famous for its flagship North Sea Brent crude oil futures contract, was taken over by Atlanta-based Ice in 2001. Jones himself left several years earlier, going to work for various other exchange companies and founding Bourse Consult – a UK-based exchange consultancy that he still serves as chairman emeritus.
The IPE was a very different place from what i
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