VOL. XLIV

No. 21

21-May-2001

OIL PRICES

Seventeen Firms To Form Electronic Exchange For Japanese Products Swaps

Seventeen companies are planning to launch an internet-based exchange for Japanese products futures, which is to be called the J-Oil Exchange. The exchange will be based in Singapore and is expected to start trading in July. Press reports say the founding members include Showa Shell, Morgan Stanley, Idemitsu Kosan, Cosmo Oil, Japan Energy, Mitsubishi, Mitsui, Sumitomo, Itochu, Marubeni,...