Bloomberg News

Brent Crude Oil Options Trading Volumes Rise to Record, ICE Says

May 25, 2012

Daily trading volumes of Brent oil options rose to a record 78,508 contracts yesterday, according to ICE Futures Europe, a unit of Intercontinental Exchange Inc.

The volume surpassed a previous peak of 63,494 lots set on May 2, ICE said today in an e-mailed statement. Options give traders the ability, without the obligation, to buy or sell securities at a designated price.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net


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