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

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