The Exchange already allows this type of cross trade, under similar conditions, in the back months of its copper futures contract. In all of its other markets, cross trades are limited to matching the orders of two customers after announcing each to the ring at least twice.
Exchange President James E. Newsome said, "The prevailing sentiment behind designing and offering the Brent crude oil futures contract for trading in Dublin has been to listen to the customers and provide the product and services that best suits their needs and preferences. This additional means of trading offers customers the ability to choose if they would like their broker to take the opposite side of their transactions, in certain cases, enabling them to more rapidly obtain the price they are seeking."
