Brent crude oil, Brent oil in English, is produced in Brent area of North Atlantic. Both London Stock Exchange and the New York Mercantile Exchange have their futures trading, which is the benchmark of market oil price. While improving the practicability of Brent crude oil futures contracts, the Exchange has launched trading platforms of 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 price, competitive trading and simple operation.