This new trading mechanism will enable the registration of trades on the Exchange where those trades meet certain minimum threshold requirements. These requirements will initially be set at the following:
- 1000 lots for IPE Brent futures
- 600 lots for IPE Gas Oil futures
- 500 lots for IPE Brent options
- 200 lots for IPE Gas Oil options
- 50 lots for IPE Natural Gas futures
The Exchange will require these trades to be registered with the Exchange a maximum of five minutes from the point of execution and to be priced at a fair value relative to the currently traded price of the contract in question.
The volume and price of these trades will be announced to the market upon registration with the Exchange.
"The IPE has always aimed to provide a wide and flexible range of services to its customers," said Stephen Gutteridge, Director of Business Development. The new block trading facility adds to and complements existing arrangements such as EFP, EFS and large order, and will provide customers with even greater choice in their risk management activities."
