Trading volume and open interest in ICE Brent futures and options has grown in recent years as Brent has consolidated its role as the world's crude oil benchmark. Today, an average of 680,000 Brent futures and options contracts are traded on the ICE platform every day.
Because it is seaborne, Brent crude has become the primary reference point for pricing crude oil from Asia to Africa. The Brent futures contract was introduced in 1988 and it has evolved since then to reflect changing market fundamentals in the North Sea and to continue to meet the hedging and risk management requirements of market participants globally.
About IntercontinentalExchange GroupIntercontinentalExchange Group (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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