ICE sets up shop in Abu Dhabi ahead of Murban futures

Abu Dhabi oil refinery alamy 230x150
By GlobalCapital
11 Nov 2019

Intercontinental Exchange on Monday announced that it will launch a new trading venue in Abu Dhabi to offer futures contracts referencing Murban crude oil.

The new exchange, ICE Futures Abu Dhabi (IFAD), will host the world’s first futures contracts based on the Murban crude product of Abu Dhabi’s state-owned oil company. ICE Murban Futures will be a physically delivered contract with delivery at Fujairah in the United Arab Emirates on a free ...

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