[RT] Gen: New Commodities Exchange

[Ronald McEwan <rmac@xxxxxxxx>]

I came across this article today;

New Commodities Exchange On the Horizon

Seven large U.S. and European financial institutions have joined forces
to launch the IntercontinentalExchange, an Internet-based electronic
marketplace for over-the-counter commodity products. The platform is
completed and is in the process of incorporating additional servers for
high volumes. The exchange will initially trade petroleum products,
including crude oil, fuel oil, jet fuel, heating oil and gasoline, as
well as silver and gold. The IntercontinentalExchange is scheduled to go
live this summer, with initial liquidity being provided by equity
partners BP Amoco, Deutsche Bank, Goldman Sachs, Morgan Stanley Dean
Witter, Royal Dutch/Shell Group, Societe Generale and the Totalfina Elf
Group. 

full article at:

http://www.wstonline.com/mfwt/parse.html?page=showarticle&aId=42086

Ron McEwan