St. Petersburg Oil Exchange is to start real trading in late 2008, Vladimir Milovidov, Head of Federal Financial Markets Service told Friday at the meeting with the Exchange incorporators, RBC reports. According to Mr. Molchanov, it will take from 4 to 6 months to complete the document and clearing issues. However test trading is likely to be held in July 2008. "We are to start with oil products as it is a competitive market," Mr. Milovidov noted.
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