ODL pioneers new Brent contract

ODL Securities, the London-based FX, derivatives, commodities and equities trading house, has launched a rolling OTC Brent crude contract aimed at both the high-net-worth and small retail investor. The contract size is 250 barrels, as opposed to the standard lot size of 1,000 barrels, and the tick size is just $2.50. It will be free of commission, exchange and clearing fees. Based on the front month ICE Brent futures contract, the new ODL contract is available on the firm's Ariel and ODL Tra