RTS to launch Brent futures contract
RTS, Russia's main stock and derivatives exchange, plans to launch a Brent crude oil futures contract before the end of the year in a move to tap arbitrage business between the price of local Russian crudes and the Brent benchmark.
CME Group Inc. CME, -0.31% Monday launched a new Brent crude futures and options contract in a bid to challenge IntercontinentalExchange Inc.'s ICE, -0.90% dominance in the market.