In an arrangement designed to internationalize the Osaka Mercantile Exchange and to give the New York Mercantile Exchange a foothold in Japan, the two commodities futures exchanges will trade selected items that the other lists. Beginning in FY 1999, members of the OME will trade crude oil, gasoline, gold, platinum and four other commodities on the NYMEX via a link to that organization's Access 24-hour on-line trading system. In time, NYMEX brokers will trade natural rubber and rubber on the OME through the same connection. Other items also could be traded on both exchanges.
An exchange rate of ¥140=$1.00 was used in this report.