Users of Patsystems’ J-Trader front-end can now trade contracts via the Exchange (IPE) in Brent crude, gas oil, natural gas and associated crack spreads.
The IPE is a European energy futures and options exchange, trading over $2bn in underlying value every day, and in recent months has experienced volume growth for electronic trading in gas oil and Brent crude.
We have worked closely with our customers to develop a range of risk management tools within today’s dynamic energy markets, said Richard Ward, CEO of IPE. The addition of IPE’s portfolio to Patsystems’ J-Trader platform will provide access for a new segment of market participants.
According to Kevin Ashby, CEO of Patsystems, the company will be looking to add further exchanges throughout the year in an effort to expand connectivity and strengthen trading applications.
