There is a good book, Rigged, by Ben Mezrich, about the start of the Dubai Merc. It's also a entertaining look at the traders on the NYMEX.
"Goldman Sachs Group Inc., Morgan Stanley and four energy-related companies are taking minority stakes in Dubai Mercantile Exchange Ltd., adding clout to the fledgling exchange as it seeks to establish itself as a major player in the global crude oil market." (AP)
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