Dictionary of Finance and Investment Terms: International Petroleum Exchange (IPE)
International Petroleum Exchange (IPE)
the leading European marketplace for regulated trading of energy contracts, the IPE is a London-based energy futures and options exchange. The IPE lists the benchmark Brent crude oil futures contract, which is relied upon for pricing an estimated two-thirds of the world's traded oil products. The IPE offers fully electronic trading in futures and options on Brent crude oil and gas oil, and futures on emissions, natural gas, and electricity. In June 2001, the IPE became a wholly owned subsidiary of InterContinental Exchange (ICE), an electronic marketplace for trading both futures and over-the-counter (OTC) contracts in natural gas, power, and oil. Trading hours: 2 A.M. to 10 P.M. www.theipe.com.
