Indian exchange to list IPE Brent crude futures
Oil traders in India will from September 15 be able to trade rupee-denominated Brent crude futures, settled monthly by reference to the benchmark IPE Brent crude futures contract.
Mumbai-based NCDEX, which currently lists agricultural products and metals contracts, will list and clear a rupee-denominated Brent crude futures by reference to the IPE Brent index. The IPE will make available its real-time prices on the 6,500 NCDEX trading screens in India.
This is another step towards expansion in Asia for the IPE
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