ALSO:
The Dubai Mercantile Exchange Limited (DME) was established as a joint venture between Tatweer, a member of Dubai Holding, the New York Mercantile Exchange, Inc. (NYMEX) and the Oman Investment Fund (OIF) as the premier international energy futures and commodities exchange in the Middle East, uniquely positioned to provide price transparency and market liquidity for crude oil from the world’s foremost oil producing and exporting region.
On 11 August 2008, the DME announced that it had concluded the sale of equity stakes in the Exchange to a number of leading global financial institutions and energy trading firms, following approval from the DME’s Board of Directors for the release of an indirect equity stake of up to 20% in the Exchange.
The DME’s new shareholding structure includes Goldman Sachs, Morgan Stanley, Vitol, Concord Energy, Casa Energy Trading, and a Shell Company. The new stakeholders rank among the world’s most successful and sophisticated financial institutions and energy trading firms and their vote of confidence in the Exchange is indicative of the success the DME has achieved to date, as well as the strategic positioning of Dubai as a financial hub bridging the time zones of Europe, Asia and the United States.
The Exchange has developed and lists 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 and North America. The DME also lists a financially settled Oman Crude contract, and a financially settled Brent contract, which provide opportunities for customers to trade multiple financially settled crude oil benchmarks on one common platform, including creating arbitrage opportunities between sweet and sour crude oil futures contracts.
The DME is a fully electronic exchange. However, in a unique concept, it also brings together a community of traders who will operate from individual trading stations on the Exchange’s floor in the region’s leading financial services centre.
The Exchange is located within the Dubai International Financial Centre (DIFC), a financial free zone designed to promote financial services within the UAE. 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 will be cleared through, and guaranteed by, NYMEX’s AA+ rated clearinghouse which is approved as a Recognised Body by the DFSA.
News 
Market Data 
Discover 
