International Petroleum Exchange (IPE) and National Commodity and Derivatives Exchange Limited (NCDEX), India's largest commodity exchange, have announced that they have entered into a co-operative venture to allow Indian participants to trade rupee-denominated Brent Crude futures contracts, priced and settled by reference to the IPE Brent Crude futures contract. The contract was to be traded and cleared exclusively on NCDEX. As part of the agreement, the IPE was to make its real-time prices on the 6,500 NCDEX trading screens available in India.
Nymex Europe has announced that Financial Services Authority has recognised it as a UK investment exchange. The application was filed on 7 April. The approval followed news that the exchange was to begin begin trading Brent crude oil futures and options and North-West Europe gasoil futures on 12 September (see FO Week Vol 10 No 34).
OMX Exchanges has signed an MOU with Shanghai Stock Exchange (SGX)....