Trading DME Contracts

How to trade onscreen?

  • Traders can access DME Platts Dubai through their existing trading platform. Just notify the platform provider of the product names and codes (listed overleaf).

  • Traders need to ask their Clearing Member to allocate a suitable position limit to the DME product they want to trade by sending over the product names and codes.

  • Traders do not need to notify DME of their intention to trade – once the Clearing Member has approved trading limits, the trader is good to go.

 

How to trade DME Platts Dubai through brokers?

  • DME Platts Dubai can be traded OTC as a ‘block’ trade or as an EFS/EFRP trade type.

  • To trade OTC no set-up will be required if the trading firm and their broker(s) are already trading Oman Blocks and EFPs. If a trading firm has never traded Oman Blocks or EFPs before, DME staff can advise on how to get set up.

  • Traders should ask their Clearing Member to permission their brokers to enter deals on their behalf in the new products.

  • Trades can be submitted for clearing electronically through ClearPort or CME Direct or via e-mail to facdesk@cmegroup.com. To submit through ClearPort each counterparty must have previously registered with ClearPort.

 

Why trade Platts Dubai on DME?

  • See Platts Dubai prices next to DME Oman prices; execute spreads without the risk of being legged.

  • Your current DME broker and trading system will be able to show Platts Dubai prices.

  • DME is regulated by the Dubai Financial Services Authority (DFSA)

 

Product name

Product name Rulebook Chapter
Dubai Crude Oil (Platts) Futures Chapter 25
Dubai Crude Oil (Platts) BALMO Futures Chapter 24
Dubai Crude Oil (Platts) Average Price Option Chapter 23
DME Oman vs. Dubai (Platts) Crude Oil Futures Chapter 22
Brent vs. Dubai (Platts) Crude Oil Futures Chapter 21
Brent vs. Dubai (Platts) Crude Oil BALMO Futures Chapter 20
Brent (Singapore Marker) vs. DME Oman Crude Oil Futures Chapter 19
DME Oman Crude Oil BALMO Futures Chapter 26
DME Oman Crude Oil Calendar Futures Chapter 27
Singapore Gasoil (Platts) vs. DME Oman Crude Oil Futures Chapter 28
Singapore Jet Kerosene (Platts) vs. DME Oman Crude Oil Futures Chapter 29
Singapore Mogas 92 Unleaded (Platts) vs. DME Oman Crude Oil Futures Chapter 30
DME Oman Crude Oil Average Price Option Chapter 31
Middle East Fuel Oil 180 cst (Platts) Futures Chapter 32
Middle East Fuel Oil 380 cst (Platts) Futures Chapter 33
Singapore vs. Middle East Fuel Oil 180 cst Spread (Platts) Futures Chapter 34
Singapore vs. Middle East Fuel Oil 380 cst Spread (Platts) Futures Chapter 35
Singapore Fuel Oil 180 cst (Platts) Futures Chapter 36
Singapore Fuel Oil 380 cst (Platts) Futures Chapter 37
Singapore Fuel Oil 180 cst vs 380 cst (Platts) Futures Chapter 38

 

 

Platts™ is a trademark of S&P Global Inc. (“SPGI”) and has been licensed for use by DME. Dubai Crude Oil (Platts), Singapore Gasoil (Platts), Singapore Mogas 92 Unleaded (Platts), Singapore Jet Kerosene (Platts), Middle East Fuel Oil 180 cst (Platts), Middle East Fuel Oil 380 cst (Platts), Singapore Fuel Oil 180 cst (Platts), Singapore Fuel Oil 180 cst (Platts) (the “Platts Products”) are products of Platts, a division of SPGI, and have been licensed for use by DME. The Brent vs. Dubai (Platts) Crude Oil BALMO Futures, Brent vs. Dubai (Platts) Crude Oil Futures, DME Oman vs. Dubai (Platts) Crude Oil Futures, Dubai Crude Oil (Platts) Average Price Option, Dubai Crude Oil (Platts) BALMO Futures, Dubai Crude Oil (Platts) Futures, Singapore Gasoil (Platts) vs. DME Oman Crude Oil Futures, Singapore Jet Kerosene (Platts) vs. DME Oman Crude Oil Futures, Singapore Mogas 92 Unleaded (Platts) vs. DME Oman Crude Oil Futures, Middle East Fuel Oil 180 cst (Platts) Futures, Middle East Fuel Oil 380 cst (Platts) Futures, Singapore vs. Middle East Fuel Oil 180 cst Spread (Platts) Futures, Singapore vs. Middle East Fuel Oil 380 cst Spread (Platts) Futures, Singapore Fuel Oil 180 cst (Platts) Futures, Singapore Fuel Oil 380 cst (Platts) Futures and Singapore Fuel Oil 180 cst vs. 380 cst (Platts) Futures Contracts (the “Contracts”) are not sponsored, endorsed, sold or promoted by PLATTS, SPGI or their affiliates and PLATTS, SPGI and their affiliates make no representation regarding the advisability of buying, selling and/or investing in the Contracts and nor do they have any liability for any errors, omissions or interruptions in the Platts Products or the Contracts.