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Tax rates for commodity transactions are low in comparison to other countries. Starbucks executes all their coffee trading out of Geneva.

The commodity trade in Switzerland is as old as the hills.

Google Pivot, Cloud9. Those are the competitors trying to swoop in on this.

FWIW, nat gas traders still use Aol Instant Messenger.

I don't believe the article to be ridiculous at all.

I work in physical trading and use yahoo on a daily basis to trade swaps, execute physical deals, and chat with customers. If yahoo were to drop support unexpectedly, there would be a pretty large problem.

We have already been briefed by our IT departments that we are moving to another service with the front end being one of the following - IceChat(from the ICE exchange), Reuters, Bloomberg, Trillian. Although Yahoo will be the back-end in protocol sense, I believe that will be phased out once the trade migrates to another service.

It's a bigger problem than most imagine and can't be executed at a drop of a hat due to legal compliance in logging all communications in the case something went awry or other similar situations.