The futures and options wing of Moscow-based stock exchange Russian Trading System, RTS-FORTS, launched a US dollar denominated Brent crude contract on October 8.
The Brent contract was originally intended to launch alongside a Urals contract that was launched in June 2006. "Brent is more acceptable for speculators and investors as it's the main oil trading instrument in Europe and it's better understood," says Valery Zvyagin, deputy head of derivatives at RTS. "Using both contracts together will
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