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Enron Mail |
Notice 01-128
April 11, 2001 TO: All Exchange Members/Member Firms All Exchange Clearing Members FROM: Neal Wolkoff Executive Vice President RE: INTRODUCTION OF BRENT CRUDE OIL FUTURES CONTRACT ---------------------------------------------------------------------------= -- At the recommendation of its crude oil advisory committee, the board of=20 directors of the New York Mercantile Exchange, Inc., this morning voted to= =20 develop a 15-day Brent Blend crude oil futures contract that will be traded= =20 in the ring alongside the Exchange=01,s benchmark light, sweet crude oil fu= tures=20 contract. The new contract will be cash-settled based on an index currently under=20 development by the Exchange staff and crude oil advisory committee. This contract is a natural fit for our marketplace since many of our=20 customers and traders are already participating in this market. Net=20 margining between the two benchmark crudes and an aggressive program to=20 reduce other trading costs will benefit our customers, members, and the=20 marketplace as a whole. Being offered on the New York Mercantile Exchange= =20 will enhance this market through absolute neutrality and our demonstrated= =20 liquidity and expertise in creating efficient energy markets. For more information, please call Robert Levin, Senior Vice President of=20 Planning and Development at (212) 299-2390, or Daniel Brusstar, Director of= =20 Energy Research, at (212) 299-2604. __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=3Dsara.shackleton@enron= .com& refdoc=3D(01-128)" Note: If you click on the above line and nothing happens, please copy the text between the quotes, open your internet browser, paste it into the web site address and press Return.
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