International Petroleum Exchange

The ICE Futures (formerly " International Petroleum Exchange ," IPE ) based in London is the largest futures exchange for options and futures on crude oil, natural gas and electricity in Europe. The stock market is trading platform for leading European Brent crude.

History

The establishment of the " International Petroleum Exchange " (IPE ) as a non-profit organization took place in 1980 by 28 companies in order to provide a platform for the trading of energy.

In the 1970s have been numerous problems created by enormous price fluctuations in the energy market. In order to make the prices more predictable, the IPE was founded. It was a redistribution of risks by the suppliers of the companies that buy them. The stock market also controls the contracts entered into on their compliance.

In April 2000, the IPE was a holding company structure. The goal was independence of the new company by the suppliers. Thus, an intervention of the IPE in favor of part -to-do companies should be excluded.

On 18 June 2001, the IPE Holdings Plc became the property of the Intercontinental Exchange (ICE) above, a U.S. stock exchange, which is mainly engaged in the trading of electric power, petroleum, natural gas and emissions of sulfur oxides ( SOx) and nitrogen oxides (NOx ).

On April 7, 2005 a transfer of all commodity futures transactions on an electronic trading platform. The renaming of the " International Petroleum Exchange " in " ICE Futures " entered into force on 26 October 2005.

In April 2010, ICE acquired the Climate Exchange plc and with it, among others, the European Climate Exchange, the largest futures exchange for trading emission rights.