IPE’s Brent Crude and Gas Oil futures contracts saw overall trading records of 25,458,259 and 9,355,767 lots respectively during 2004, with both contracts establishing new levels for electronically traded volumes.
The Exchange added 9 new members with the addition of exclusive electronic Brent Crude trading in the morning session from November 1. Approximately 26% of the Brent Crude futures volume was traded electronically from November 1 through yearend.
“Reflecting on a year marked by industry change and diverse geopolitical challenges, we pause to express appreciation to our customers for their continued reliance on IPE,” said Richard Ward, Chief Executive. “With access to the energy markets being central to a growing number of global participants, we were pleased to bring the industry additional ways to conduct their hedging and price discovery activities within this vital energy futures marketplace.”
