P.M. BRIEFING : Moscow to Open Exchange
A newly created Moscow Commodity Exchange is selling seats for about $162,000 and plans to begin trading next week, a Soviet news agency reported today.
According to the independent Postfactum news agency, the exchange will handle trading in agricultural products, plastics, cotton, oil, coal, building materials and computer hardware.
Trading on the new exchange will begin Wednesday, the news agency said.
A spokesman, Viktor Tokarenko, said five seats on the new exchange have already been sold and three traders have registered to begin trading.
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