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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: michaele23 who wrote (74152)	9/22/2000 2:21:10 AM
From: The Ox	Respond to of 95453

...it's always darkest before the dawn.... doom + gloom.....thank you INTC!!<g> Title: Time for CyberOil (or Black Gold enters the 21st Century) IPE Brent Crude Futures Extended On ETS II Thursday 21 September 2000 London: On Monday 25 September the IPE’s flagship contract Brent Crude futures will trade electronically for the first time. The trading period will be between the hours of 08:00 and 09:45 London time. Pit hours will not change and will stay at 10:02 to 20:13. As a result of this change the hours available on SIMEX will reduce to reflect the extension. Brent Crude futures, launched in June 1988, are now the IPE’s most successful contract trading between 70,000 to 80,000 lots per day, equivalent to 70 to 80 million barrels of crude oil. The addition of Brent Crude futures onto the IPE’s successful energy trading system (ETS II) increases the availability of the contract to a wider market audience. Gas Oil futures are already trading for one hour per day on ETS II between 08:00 and 09:00 and volumes traded are healthy with a record of 1,437 lots reached yesterday. Total traded volume for Gas Oil futures in August reached 712,690 lots, breaking the previous monthly record set in March 1999 of 660,233 lots. Jackie Bullimore, Head of Oil Markets, said 'extending the availability of Brent Crude and Gas Oil futures via ETS II makes both these contracts available to a wider market audience and builds upon the highly successful open outcry trading hours'.