Its flagship commodity, Brent Crude was a world benchmark for oil prices, but the exchange also handled futures contracts and options on fuel oil, natural gas, electricity (baseload and peakload), coal contracts and, as of 22 April 2005, carbon emission allowances with the European Climate Exchange (ECX).
As business volumes have grown, the IPE has moved location several times to accommodate new pits and more traders.
Complexity, but also efficiency have increased as new trading instruments such as swaps, futures, and options have been developed.
Since 1997, the ICE Futures has expanded its offerings from Brent Crude and Gas Oil to include Natural Gas (1997), Electricity (2004), and ECX carbon financial instruments (2005).
These expansions have allowed ICE Futures to offer a wider range of energy products.