|
|
Enron Mail |
Marcus:
I tried unsuccessfully to reach you by telephone - the number I was give for you appears to be at some other company entirely. Please feel free to call me once you get this note to discuss further. The OMLX issue related to having the terminal of a non-US futures exchange in the US. There is a related but different issue you can discuss with Paul Simons that came up in connection with the ZUMA 2000 trading system in London. On that system, we would have been able to trade financial contracts electronically. The problem was that our counterparties were also US entities and, in some instances, trading from the US. I believe that the advice we received from Cadwalader was that if our counterparties were all outside the US we would have been able to trade on ZUMA 2000. Of course, all of this relates to derivatives trading. If the system you have in mind will be for the physical commodities, we should include Jeff Hodge in the discussion. I have no objection to you contacting David Mitchell directly. I am copying Paul on this note since it makes sense to coordinate with him since he has already dealt with similar issues. Marcus Von Bock Und Polach 03/30/99 10:18 AM To: Mark - ECT Legal Taylor/HOU/ECT@ECT cc: Subject: Mark, in the course of our effort to establish internet-based click-and trade business for a number of commodities (mainly gas, power) in the main markets of Europe (and with respect to pulp&paper also possibly the US), I think, it is necessary to evaluate the CFTC issues. I understand that Cadwalader has given some advice earlier this year re. OMLX and think it may be best to contact them. Who do you think, I should contact (I understand, the person we earlier dealt with was a David Mitchell) and how do you want to play this contact. Greetings, Marcus.
|