XOM Staffing Up Trade Desk
Looking to get some of the opinions of the other physical trade guys in the forum, but anyone feel free to chime in. Given the moves XOM has made, what are your opinions on having another monster trading shop coming into the market? I agree with the sentiment that they arent going to start paper trading, but the change of the company being anything different than a price taker is going to be substantial. I know they are essentially anchoring a new trading hub out in Big Perm.
Also there have always been certain market signs, like when the banks are in energy trading times are good. What does this behemoth coming online mean?