ICE faces tough choice on old Brent contract

11/20/2012 | Reuters

Investors have been reluctant to use IntercontinentalExchange's Brent New Expiry contract, and ICE faces a decision on how to terminate the old benchmark. "The market is going to stay on the old contract until they are forced to [move]. ICE will have to give a closing date for the old one in order for liquidity to shift," said Olivier Jakob, a Petromatrix energy analyst.

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