考研英语阅读理解的专项练习011
<p> <span word="Open">Open</span>-<span word="outcry">outcry</span> <span word="trading">trading</span> <span word="is">is</span> <span word="supposed">supposed</span> <span word="to">to</span> <span word="be">be</span> <span word="a">a</span> <span word="quaint">quaint</span>, <span word="outdated">outdated</span> <span word="practice">practice</span>, <span word="rapidly">rapidly</span> <span word="being">being</span> <span word="replaced">replaced</span> <span word="by">by</span> <span word="sleeker">sleeker</span>, <span word="cheaper">cheaper</span> <span word="electronic">electronic</span> <span word="systems">systems</span>. <span word="Try">Try</span> <span word="telling">telling</span> <span word="that">that</span> <span word="to">to</span> <span word="the">the</span> <span word="New">New</span> <span word="York">York</span> <span word="Mercantile">Mercantile</span> <span word="Exchange">Exchange</span> , <span word="the">the</span> <span word="worlds">worlds</span> <span word="largest">largest</span> <span word="commodities">commodities</span> <span word="exchange">exchange</span>. <span word="On">On</span> <span word="November">November</span> 1<span word="st">st</span> <span word="the">the</span> <span word="NYMEX">NYMEX</span> <span word="opened">opened</span> <span word="an">an</span> <span word="open">open</span>-<span word="outcry">outcry</span> <span word="pit">pit</span> <span word="in">in</span> <span word="Dublin">Dublin</span> <span word="to">to</span> <span word="handle">handle</span> <span word="Brent">Brent</span> <span word="crude">crude</span> <span word="futures">futures</span>, <span word="the">the</span> <span word="benchmark">benchmark</span> <span word="contract">contract</span> <span word="for">for</span> <span word="pricing">pricing</span> <span word="two">two</span>-<span word="thirds">thirds</span> <span word="of">of</span> <span word="the">the</span> <span word="worlds">worlds</span> <span word="oil">oil</span>.</p><p> <span word="The">The</span> <span word="NYMEX">NYMEX</span> <span word="is">is</span> <span word="trying">trying</span> <span word="to">to</span> <span word="snatch">snatch</span> <span word="liquidity">liquidity</span> <span word="from">from</span> <span word="Londons">Londons</span> <span word="International">International</span> <span word="Petroleum">Petroleum</span> <span word="Exchange">Exchange</span> , <span word="which">which</span> <span word="trades">trades</span> <span word="the">the</span> <span word="most">most</span> <span word="Brent">Brent</span> <span word="contracts">contracts</span>; <span word="the">the</span> <span word="New">New</span> <span word="York">York</span> <span word="exchange">exchange</span> <span word="has">has</span> <span word="hitherto">hitherto</span> <span word="concentrated">concentrated</span> <span word="on">on</span> <span word="West">West</span> <span word="Texas">Texas</span> <span word="Intermediate">Intermediate</span>, <span word="an">an</span> <span word="American">American</span> <span word="benchmark">benchmark</span> <span word="grade">grade</span>. <span word="The">The</span> <span word="new">new</span> <span word="pit">pit</span> <span word="is">is</span> <span word="a">a</span> <span word="response">response</span> <span word="to">to</span> <span word="the">the</span> <span word="IPEs">IPEs</span> <span word="efforts">efforts</span> <span word="to">to</span> <span word="modernise">modernise</span>. <span word="On">On</span> <span word="the">the</span> <span word="same">same</span> <span word="day">day</span> <span word="as">as</span> <span word="NYMEX">NYMEX</span> <span word="traders">traders</span> <span word="started">started</span> <span word="shouting">shouting</span> <span word="Brent">Brent</span> <span word="prices">prices</span> <span word="in">in</span> <span word="Dublin">Dublin</span>, <span word="the">the</span> <span word="IPE">IPE</span> <span word="did">did</span> <span word="away">away</span> <span word="with">with</span> <span word="its">its</span> <span word="morning">morning</span> <span word="open">open</span>-<span word="outcry">outcry</span> <span word="session">session</span>: <span word="now">now</span> <span word="such">such</span> <span word="trades">trades</span> <span word="must">must</span> <span word="be">be</span> <span word="electronic">electronic</span>, <span word="or">or</span> <span word="done">done</span> <span word="in">in</span> <span word="the">the</span> <span word="pit">pit</span> <span word="after">after</span> <span word="lunch">lunch</span>.</p><p> <span word="The">The</span> <span word="New">New</span> <span word="York">York</span> <span word="exchange">exchange</span> <span word="claims">claims</span> <span word="that">that</span> <span word="customers">customers</span>, <span word="such">such</span> <span word="as">as</span> <span word="hedge">hedge</span> <span word="funds">funds</span> <span word="or">or</span> <span word="energy">energy</span> <span word="companies">companies</span>, <span word="prefer">prefer</span> <span word="open">open</span>-<span word="outcry">outcry</span> <span word="because">because</span> <span word="it">it</span> <span word="allows">allows</span> <span word="for">for</span> <span word="more">more</span> <span word="liquidity">liquidity</span>. <span word="Although">Although</span> <span word="most">most</span> <span word="other">other</span> <span word="exchanges">exchanges</span> <span word="are">are</span> <span word="heading">heading</span> <span word="in">in</span> <span word="the">the</span> <span word="opposite">opposite</span> <span word="direction">direction</span>, <span word="in">in</span> <span word="commodity">commodity</span> <span word="markets">markets</span> <span word="such">such</span> <span word="as">as</span> <span word="the">the</span> <span word="NYMEX">NYMEX</span>, <span word="pressure">pressure</span> <span word="from">from</span> <span word="locals">locals</span> --<span word="self">self</span>-<span word="employed">employed</span> <span word="traders">traders</span>--<span word="is">is</span> <span word="helping">helping</span> <span word="to">to</span> <span word="prop">prop</span> <span word="up">up</span> <span word="open">open</span>-<span word="outcry">outcry</span>, <span word="although">although</span> <span word="some">some</span> <span word="reckon">reckon</span> <span word="that">that</span> <span word="customers">customers</span> <span word="pay">pay</span> <span word="up">up</span> <span word="to">to</span> <span word="five">five</span> <span word="times">times</span> <span word="as">as</span> <span word="much">much</span> <span word="as">as</span> <span word="with">with</span> <span word="electronic">electronic</span> <span word="systems">systems</span>. <span word="Even">Even</span> <span word="the">the</span> <span word="IPE">IPE</span> <span word="has">has</span> <span word="no">no</span> <span word="plans">plans</span> <span word="to">to</span> <span word="abolish">abolish</span> <span word="its">its</span> <span word="floor">floor</span>. <span word="Only">Only</span> <span word="last">last</span> <span word="month">month</span> <span word="it">it</span> <span word="signed">signed</span> <span word="a">a</span> <span word="lease">lease</span>, <span word="lasting">lasting</span> <span word="until">until</span> 2011, <span word="for">for</span> <span word="its">its</span> <span word="trading">trading</span> <span word="floor">floor</span> <span word="in">in</span> <span word="London">London</span>.</p>
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