In 1969, Instinet founded the first ever electronic trading system. Though it only published bids and offers, it began a technological revolution that would lead to Globex and eventually to high frequency trading platforms capable of performing thousands of trades each minute from a mobile phone.
You’d forgive shipowners for feeling a little uncertain about their fuel bills at the moment. Last year they faced apocalyptic warnings about the rise in costs to come as European and North American regulators cut sulphur limits for bunkers, but then oil prices collapsed. Many are now left wondering when they’re going to start feeling the financial impact of the new regulations.