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About DME

Home | About DME

The Dubai Mercantile Exchange Limited (DME), a joint venture between Tatweer, a member of Dubai Holding, the New York Mercantile Exchange, Inc. (NYMEX) and the Oman Investment Fund (OIF) is 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.

The Exchange has developed and lists the 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. Furthermore, the establishment of the DME is also intended to strengthen Dubai's ties with the international finance and commodities trading communities.

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.