Last Updated: 06/09/2010
- About the DME
- Membership
- Trading on the DME
- DME Oman Crude Oil Futures Contract (OQD)
- DME Oman Crude Oil Financial Contract (ZGD)
- Information Technology
- Legal, Counterparty Risk, Clearing & Settlement
Q. What is the Dubai Mercantile Exchange?
A. The Dubai Mercantile Exchange (DME) was launched in June 2007 with the goal of
bringing fair and transparent price discovery and efficient risk management to
the East of Suez (Middle East and Asia Pacific), the world’s fastest-growing
commodities market and already the largest crude oil supply
and demand corridor in the world.
The DME enjoys the backing of prominent regional
and international stakeholders. In June 2005, the DME
was initially set up as a joint venture between
Tatweer (a member of Dubai Holding) and the New York Mercantile
Exchange (NYMEX), a member of CME Group. In October
2006, the Oman Investment Fund (OIF), the investment
arm of the Sultanate of Oman, bought into the DME as a
core shareholder. In
2008, the DME completed an approximate 20%
minority-stake placement to a consortium of strategic
shareholders composed of Casa Trading Ltd., Concord Energy,
Goldman Sachs, J.P.Morgan, Morgan Stanley, Shell and
Vitol.
The DME lists the Oman Crude Oil Futures Contract
(DME Oman) as its flagship contract, providing the
most fair and transparent crude oil benchmark for the
East of Suez region.
Today DME Oman is the explicit and sole
benchmark for Oman and Dubai crude oil Official
Selling Prices – the historically established markers
for Middle Eastern crude oil exports to Asia.
Q. Who are DME's shareholders?
A. Please click
here to see the Partners page.
Q. What initiatives has the DME
considered in order to build liquidity in the
exchange?
A. DME works closely with all market stakeholders,
including its strategic partners, national oil
companies, oil majors and leading international market makers, to grow the DME's liquidity and build the DME marketplace as the venue for price transparency in East of Suez crude oil markets.
Q. What contracts are currently listed on the DME?
A. The contracts listed on the DME are:
Last Updated: 06/09/2010
