Speaking at this morning's IPE Transition Committee, Chief Executive Richard Ward confirmed that the Exchange was confident of its technological capability to commence with parallel trading for its Brent contract. Dr Ward also said that the Exchange's intention was to make parallel trading available for IPE Gas Oil futures shortly after the successful implementation of the parallel Brent contract.
After the meeting, Dr Ward said "We are pleased to announce the introduction of parallel trading for the Brent contract via the ICE platform. This move demonstrates the Exchange's responsiveness to our customers' needs in providing more ways to trade while taking a major step in positioning the Exchange for fully electronic trading in the future."
