"Everybody is out there trying to replace the former function of the floor broker, " says Steve Sanders, a managing director and head of business development at Interactive Brokers.
BP, which had been leasing the rig from Transocean, says the safety device that was supposed to cut oil flow on the ocean floor in the event of a well blowout did not perform its function.
Transocean ( RIG - news - people ), says the safety device that was supposed to cut oil flow on the ocean floor in the event of a well blowout did not perform its function.