VOL. XLIII

No. 19

8-May-2000

E-COMMERCE

NYMEX Announces Internet-Based OTC Trading Venture

The New York Mercantile Exchange (NYMEX) launched on 4 May an internet-based exchange for over-the-counter (OTC) and cash transactions, which is intended to be brought into operation in the third quarter of this year. A NYMEX official told MEES that while the exchange has not yet finalized what products will be handled on the website, NYMEXs aim is to establish a new trading operation rather than replace...