Industry Briefs

FuturesNew York Mercantile Exchangeset an annual volume record of 109,538,831 contracts traded in 1999, besting a previous record of 95,018,685 in 1998. These volumes include 89,189,928 contracts traded on the NYMEX division and 20,348,903 COMEX-division trades. NYMEX also set a record volume of crude oil futures traded for the year, at 37,860,064 contracts; this topped 1998's 30,495,647 contracts. Meanwhile, NYMEX's board of directors unanimously approved a demutualization plan that will convert the exchange from a not-for-profit membership structure to a for-profit organization.Drilling-productionTriton Energy Ltd.,Dallas, received approval from Equatorial Guinea for the develop...

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