ICE Futures Europe

Brent Crude Futures TAS

Brent Crude Futures TAS1029

Description

The ICE Brent Crude Futures TAS (Trade-at-Settlement) allows a trader to enter an order to buy or sell an eligible ICE Brent Crude Futures contract during the course of the trading day at a price that will be equal to the settlement price for a specific contract month, or at a price that is up to five minimum price fluctuations above or below the settlement price.

Market Specifications

Trading Screen Product Name
Brent Crude TAS
Trading Screen Hub Name
North Sea
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
Currency
US Dollars and cents
Contract Series
Front four months of Brent Crude Futures.
Minimum Price Fluctuation
One cent ($0.01) per barrel
Expiration Date
Contract Months up to and including February 2016:

Trading shall cease at the end of the designated settlement period on the Business Day (a trading day which is not a public holiday in England and Wales) immediately preceding either:

(i) the 15th calendar day before the first calendar day of the contract month, if such 15th calendar day is a Business Day; or,

(ii) if such 15th calendar day is not a Business Day, the next preceding Business Day.

Contract Months from March 2016:

Trading shall cease at the end of the designated settlement period on the last Business Day of the second month preceding the relevant contract month (e.g. the March contract month will expire on the last Business Day of January).

If the day on which trading is due to cease would be either: (i) the Business Day preceding Christmas Day, or (ii) the Business Day preceding New Year’s Day, then trading shall cease on the next preceding Business Day
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York8:00 PM - 2:30 PM*
20:00 - 14:30
7:55 PM
19:55
London1:00 AM - 7:30 PM*
01:00 - 19:30
12:55 AM
00:55
Singapore8:00 AM - 2:30 AM*
08:00 - 02:30
7:55 AM
07:55

*Next Day

Codes

Clearing Admin Name
IPE e-Brent
Physical
B
Logical
BRN
GMI(FC)
BC
R&N A.C.N.
0952