Dubai Mercantile Exchange hosts US Ambassador to UAE

Notes and media contacts

About the Dubai Mercantile Exchange:

The Dubai Mercantile Exchange Limited (DME) is the premier international energy futures and commodities exchange in the Middle East, providing a financially secure, well-regulated and transparent trading environment. Majority owned by core shareholders the CME Group, Tatweer (a member of Dubai Holding), and the Oman Investment Fund (OIF), the DME also released an equity stake of up to 20% in August 2008 to a strategic investor group including leading global financial institutions and energy trading firms such as Goldman Sachs, Morgan Stanley, J.P. Morgan, Vitol, Shell, Concord and Casa Energy.

The Exchange has developed and trades the DME Oman Crude Oil Futures Contract, addressing the growing market need for price discovery of sour crude oil destined for East of Suez markets, while simultaneously bridging the time-zone gap between Europe and Asia. Launched in June 2007, the contract hit record volumes of 6,484 contracts on January 13th 2009.

The DME is a fully electronic exchange, and its contracts are listed on the CME Globex platform, the world's leading electronic trading platform, providing access to the broadest array of futures and options products available on any exchange. 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.

For further information, please contact:

Manash Bhuyan
Vice President
FD Dubai
PO Box 71253, 17th Floor, Al Attar Business Tower, Sheikh Zayed Road, Dubai, UAE
T +971 (0) 4 332 8832
F +971 (0) 4 332 8388