1, January: London time:10: 02-10: 03; Beijing time: 18: 02- 18: 03.

February: London time:10: 03-10: 04; Beijing time: 18: 03- 18: 04.

March, March and April: London time:10: 05-10: 06; Beijing time: 18: 05- 18: 06.

4. Other months: London time:10: 06-10: 07; Beijing time: 18: 06- 18: 07.

5. Electronic transaction: London time: 2: 00; Beijing time 10: 00.

2 Brent crude oil closing time:

1, January: London time: 20:12-20:13; Beijing time: 4: 12-4: 13.

February: London time: 20:11-20:12; Beijing time: 4: 1 1-4: 12.

March, March and April: London time: 20: 09-20:10; Beijing time: 4: 09-4: 10.

Other months: London time: 20: 08-20: 09; Beijing time: 4: 08-4: 09.

5. Electronic transaction: London time: 9: 45; Beijing time: 17: 45.

1. In order to improve the effectiveness, liquidity and cost control of the spread trading between Brent crude oil and WTI crude oil, NYMEX set up a public quotation for Brent crude oil futures trading in Dublin trading hall, and traded on the electronic system platform of NYMEX ACCESS for the rest of the time. The public bidding time is from 10 to 7: 30 pm Dublin time, and the electronic trading time of NYMEX access system is from 8: 00 pm15 to 9:30 am Dublin time.

2. While improving the practicability of Brent crude oil futures contracts, the Exchange has launched trading platforms for automatic quotation, price report and price difference between Brent crude oil and WTI crude oil, respectively, clearing Brent crude oil and light low-sulfur crude oil of NYMEX, which is an important development of the market, because arbitrage transactions in two different markets can be completed through this platform, and it will gradually become a liquid market with transparent prices, competitive transactions and simple operation.

3. The exchange thinks that arbitrage trading is a kind of transaction, which can make full use of margin and effectively reduce transaction costs. When long positions offset short positions, the exchange thinks that arbitrage reduces market risk, especially the arbitrage of Brent crude oil futures and WTI crude oil, because these two futures contracts have good correlation, and the exchange provides 95% margin credit for one-to-one Brent /WTI arbitrage trading. The exchange also provided a cost control scheme for Brent crude oil futures contracts, which reduced a lot of operating expenses for market participants.