Indian exchange to list IPE Brent crude futures

London’s International Petroleum Exchange (IPE) has struck an agreement with India’s National Commodity and Derivatives Exchange Limited (NCDEX) to this end.

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 ha