Hot on the heels of International Petroleum Exchange (IPE)'s announcement that its screens have been approved in Singapore, (see FO Week Vol 9 No 19), rival New York Mercantile Exchange (Nymex) is gearing up for the launch of its electronic system, Access, in Japan.
With approval from Japan's Ministry of Economy, Trade and Industry, Nymex will offer Japanese firms direct access next month without having to book individual trades through...