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Floor volumes in IPE Brent were 71,552. Trading on the electronic Interchange platform reached 29,320 lots and set its second consecutive electronic Brent volume record. Approximately 10,000 lots were transacted prior to 10am with the markets becoming more liquid earlier in the day with the advent of the screen. At the close on Tuesday, open interest in Brent stood at 348,562 lots. Gas Oil volumes totalled 44,299 lots on the floor and 999 in screen trading.
In addition to its established market participants, the IPE has received and is responding to growing inquiries for access to the IPE markets and for training on its electronic Interchange platform, including its advanced features such as the spread matrix and Formula Trader. A fee waiver remains in place on the screen traded Brent contract up to 2 pm UK Time and for white badge locals trading in the pit until the end of December.
“We are satisfied because our market participants have responded that they are satisfied; liquidity is unparalleled and there exists a high degree of confidence in settlement prices and in proper supervision of the markets,” said Sir Bob Reid, IPE’s Chairman. “The floor session is a vital and substantial part of the Exchange. The screen provides an important tool for expanding the distribution of IPE’s products globally. Taken together, these mediums ensure the long-term role of the IPE as a leading venue for energy risk
