Trading
The ICE Futures Europe symbol for Brent crude futures is B. It was originally traded on the open outcry International Petroleum Exchange in London, but since 2005 has been traded on the electronic IntercontinentalExchange, known as ICE. One contract equals 1,000 barrels (159 m3). Contracts are quoted in U.S. dollars. Each tick lost or gained equals $10.
Read more about this topic: Brent Crude
Famous quotes containing the word trading:
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)