The Singapore Mercantile Exchange has announced the third product it will offer when it goes live in August – euro-denominated Brent Crude Oil Futures.
The product will be cash-settled and cover 1,000 barrels of oil, like the West Texas Intermediate Crude Oil Futures that SMX announced on June 2. As with WTI, contracts will be available for the current month and the 11 succeeding months.
Thomas McMahon, chief executive of the soon-to-be-launched commodities exchange, told FOi that listing Brent was part of...