DME hits record daily volume of 6,484

Notes and media contacts

About the Dubai Mercantile Exchange
The Dubai Mercantile Exchange Limited (DME), a joint venture between the New York Mercantile Exchange, Inc. (NYMEX) (whose parent, NYMEX Holdings Inc, was recently acquired by the Chicago Mercantile Exchange), Tatweer, a member of Dubai Holding, and the Oman Investment Fund (OIF), is the premier international energy futures and commodities exchange in the Middle East, providing a financially secure, well-regulated and transparent trading environment.

The Exchange has developed and trades the DME Oman Crude Oil Futures Contract, addressing the growing market need for price discovery of Middle East Sour Crude Oil while simultaneously bridging the time-zone gap between Europe and Asia by providing for the trading of energy futures, options and other products.

The DME is a fully electronic exchange. However, in a unique concept, it also brings together a community of traders who operate from trading hubs and individual trading stations on the Exchange's floor, which is located within the Dubai International Financial Centre (DIFC), the region's leading financial services centre. The DME is authorised and regulated by the Dubai Financial Services Authority (DFSA), a world class, independent regulator, and all trades executed on the Exchange are cleared through, and guaranteed by, NYMEX's AA+ rated clearinghouse which is licensed as a Recognised Body by the DFSA.