Kirill Androsov, Russian Deputy Minister of Economic Development and Trade, served as the keynote speaker at the February 10th event. Other speakers included representatives from the Financial Services Authority, BNP Paribas, British Petroleum, Koch Supply & Trading, Deloitte & Touche LLP, and Charles River.
In November 2005, NYMEX Holdings and Expertica announced a joint venture to launch REBCO futures later this year.
NEL Chairman Roy Leighton said, "Reaction from the marketplace suggests that a benchmark REBCO futures contract will bring much needed transparency to the pricing of Russian oil exports. The proposed contract will enjoy the distinction of being traded through NYMEX Europe in London and being fully regulated by the FSA. The NYMEX clearing system will offer market participants market integrity and security in their futures transactions."
