Bob,

Further to my e-mail below, I have now received the signed documentation from 
the OMLX - accordingly, could you please provide me with the address / 
telephone number of our contact at E.D.&F. Man so that I can send the docs to 
them for signature and return.

Kind regards

Mark
---------------------- Forwarded by Mark Elliott/LON/ECT on 12/05/2000 15:39 
---------------------------


Mark Elliott
09/05/2000 09:21
To: Bob Crane/HOU/ECT@ECT, Steve Kim/LON/ECT@ECT
cc: Martin Holmes/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, Lin 
Richardson/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, 
Lee Munden/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT 

Subject: ECTRIC - application to become a Proprietary trader on the OMLX in 
order to trade the Pulpex Market

Bob / Steve,

This is to inform you that, at last, I heard from the OMLX yesterday 
afternoon that they have signed the documentation for ECTRIC's Prop trader 
membership of the OMLX.  Please note that this does not mean at this stage 
that ECTRIC is a trading member of the Exchange as this is dependant on the 
following:

1. The OMLX are sending back to me the Clearing Agreement and one other 
document which require the signature of  our clearer, E.D.&F Man 
International Ltd in London.  (Apparently, although the OMLX has signed them, 
they require us to forward them to Man rather than for them to do this!!!!).  
Once Man's have signed them, then I shall need to file them with the OMLX 
once again.

Accordingly, please let me have:

(i) details of our contact at E.D.&F Man International Ltd in London; and

(ii) his/her telephone number so that I can speak to them and then arrange 
for these documents to be sent to them.

2. Steve needs to arrange  to take his SFA examination.  Once passed, he 
needs to let me (and Lin Richardson) know.  Under the OMLX's application 
procedure, I shall then need to write to the Exchange to let them know 
formally that Steve will be EEFT's trader and that he has passed his SFA 
exams.

Only once 1 and 2 have been completed will ECTRIC be admitted as a Prop 
trading member of the Exchange.

I look forward to hearing from you.

Mark