International Petroleum Exchange
From Wikipedia, the free encyclopedia
The International Petroleum Exchange, based in London, is one of the world's largest energy futures and options exchanges. Brent Crude is a world benchmark for oil prices, but the exchange also handles futures contracts and options on gas oil, natural gas, electricity (baseload and peakload), and, as of 22 April 2005, European Climate Exchange (ECX). The exchange has been known as ICE Futures since 2005.
[edit] Contracts
Since 1997 the IPE has expanded its offerings from Brent Crude and Gas Oil to include Natural Gas (1997), Electricity (2004), and ECX carbon financial instruments (2005). These expansions have meant that the IPE can now offer a full spectrum of energy products. More advanced transactions are also now possible, due to cross and multi-product transactions, which eliminate the need to use multiple markets or an adviser.
