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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jafry, Rahil </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RJAFRY< X-To: Forster, David </O=ENRON/OU=NA/CN=RECIPIENTS/CN=DFORSTER<, Kitchen, Louise </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lkitchen< X-cc: X-bcc: X-Folder: \ExMerge - Kitchen, Louise\Deleted Items X-Origin: KITCHEN-L X-FileName: louise kitchen 2-7-02.pst FYI - -----Original Message----- From: djcustomclips@djinteractive.com [mailto:djcustomclips@djinteractive.com] Sent: Tuesday, February 05, 2002 2:48 PM To: 168842@mailman.enron.com Subject: Rahil Jafry: USA: Commodity exchanges NYMEX, ICE in alliance talks-source. USA: Commodity exchanges NYMEX, ICE in alliance talks-source. 02/05/2002 Reuters English News Service (C) Reuters Limited 2002. NEW YORK, Feb 5 (Reuters) - The New York Mercantile Exchange (NYMEX) and web-based IntercontinentalExchange (ICE) have reopened talks aimed at an alliance between the two commodity exchanges, a source close to the negotiations said. "There have been a number of meetings over the last 2-3 weeks aimed at some sort of closer business association. They may not come to anything but it's fair to say that conversations are going on," the source said. NYMEX is the world's leading physical commodity exchange, but at ICE, which is backed by top oil and power companies, business has boomed since the demise of previous internet leader EnronOnline. ICE, which trades a range of energy and metals contracts, has already taken over London's International Petroleum Exchange (IPE). Prior to the IPE/ICE merger NYMEX and ICE held alliance talks that came to nothing. A NYMEX spokeswoman declined comment but said the exchange was always interested in considering potential strategic alliances. NYMEX has had to shelve its planned web exchange enymex and also operated on shortened trading hours since the Sept 11. attacks on the nearby World Trade Center. NYMEX seats have been trading at sharply higher prices in recent weeks. Folder Name: Rahil Jafry Relevance Score on Scale of 100: 87 ______________________________________________________________________ To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright © 2002 Dow Jones & Company, Inc. All Rights Reserved
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