Quote from just21:
The chances of any exchange taking significant volume from another is extremely low. Last time it happened was the Bund from Liffe to Eurex.
It's now 7:00 EST, the morning session is done at IPE. For a new contract that is just released (WTI) the Volume is quite good compared to QM:
QM now 1,502 contracts
WTI now 1,785 contracts
COIL now 10,080 contracts.
Nice thing is that WTI has a smaller ticksize: 0.01 ($10) compared to 0.0125 ($12.5).
