IntercontinentalExchange’s (ICE) London-based regulated futures exchange for global energy markets ICE Futures Europe will launch ICE Brent NX Crude Futures and Options contracts on December 5. The ICE Brent NX contract will open for trading on Dec. 5, 2011, with new contract months listed out to December 2019.
ICE Futures Europe will work along with market participants during 2012 to support a smooth transition of open positions for the December 2012 contract month onwards from prevailing ICE Brent Futures and Options to the equivalent ICE Brent NX Futures and Options. The first contract month of December 2012 will offers an entire year’s advance notice to the market, while letting participants hedge their 2013 calendar year exposure using ICE Brent NX contracts.
Click here for the release from PR Newswire.