Brent Crude futures, launched in June 1988, are now the IPE’s most successful contract trading between 70,000 to 80,000 lots per day, equivalent to 70 to 80 million barrels of crude oil.
The addition of Brent Crude futures onto the IPE’s successful energy trading system (ETS II) increases the availability of the contract to a wider market audience. Gas Oil futures are already trading for one hour per day on ETS II between 08:00 and 09:00 and volumes traded are healthy with a record of 1,437 lots reached yesterday. Total traded volume for Gas Oil futures in August reached 712,690 lots, breaking the previous monthly record set in March 1999 of 660,233 lots.
Jackie Bullimore, Head of Oil Markets, said "extending the availability of Brent Crude and Gas Oil futures via ETS II makes both these contracts available to a wider market audience and builds upon the highly successful open outcry trading hours".
