Archives News : 2009
 

Archives News : 2009

29 November 2009
Dubai Mercantile Exchange Announces One Billion Barrels Traded Since Launch
The Dubai Mercantile Exchange Limited (DME) announced today that cumulative trading in its benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded one million contracts, representing one billion barrels of crude oil traded, since its launch on June 1st, 2007.

5 November 2009
Dubai Mercantile Exchange Wins Key Industry Innovation Award
The Dubai Mercantile Exchange (DME) announced that it has won the 'Best innovation by an exchange in the field of customer service, Middle East' award from FOW, a leading global derivatives magazine.

2 November 2009
DME Hits New Record with Daily Average of 2,624 Contracts Traded in October 2009
The Dubai Mercantile Exchange (DME) today announced that a record average daily volume (ADV) of 2,624 contracts was achieved in its flagship DME Oman Crude Oil Futures contract (DME Oman) during the month of October 2009.

15 July 2009
DME Chairman Announces New Board Appointments
Ahmad Sharaf, Chairman of the Dubai Mercantile Exchange Limited (DME), has announced that the DME has welcomed Dr. Fereidun Fesharaki and Mr. Anthony Loh as new members of the DME Board of Directors.

24 June 2009
DME Hits New Trading Record with 8,076 Lots Traded on 23rd June
The Dubai Mercantile Exchange today released the following statement to mark record volumes traded on the Exchange on June 23rd 2009.

23 June 2009
Dubai to Set Crude Oil Selling Price Based on DME Oman Contract
The Dubai Mercantile Exchange (DME) confirmed today that the Dubai Department of Petroleum Affairs (DPA) will set the official monthly selling price (OSP) for the Emirate's crude oil based on a differential to the settlement price of the DME's Oman Crude Oil Futures Contract.

29 April 2009
DME Chairman Announces Board Appointments
Ahmad Sharaf, Chairman of the Dubai Mercantile Exchange Limited (DME), has announced that the DME has welcomed John F. Sandner and Ali Tabbal to its Board of Directors.

23 February 2009
Dubai Mercantile Exchange welcomes Jump Trading as latest Clearing Member
The Dubai Mercantile Exchange Limited (DME) announced today that its Membership Committee has approved Jump Trading LLC as a Clearing Member. Jump Trading becomes the 24th Clearing Member of the Exchange.

17 February 2009
Dubai Mercantile Exchange welcomes Deutsche Bank Securities, Inc. as latest Clearing Member
The Dubai Mercantile Exchange Limited (DME) announced today that its Membership Committee has approved Deutsche Bank Securities Inc. as a Clearing Member. Deutsche Bank Securities Inc. becomes the 22nd Clearing Member of the Exchange.

10 February 2009
DME Sets New Records in 2009
The Dubai Mercantile Exchange Limited (DME) today reported new records recorded in January, and a positive upward trend in volumes since the transition of the DME's contracts to CME Globex®, the world's largest electronic trading platform.

4 February 2009
DME Hosts H.E. Richard G. Olson, Jr. Ambassador of the United States of America to the United Arab Emirates
The Dubai Mercantile Exchange Limited (DME) announced today that it hosted a visit from H.E. Richard G. Olson, Jr. the current United States Ambassador to the UAE.

1 February 2009
Dubai Mercantile Exchange Contracts Migrate to CME Group Platform
CME Group, the world's largest and most diverse derivatives exchange, and the Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange based in the Middle East, announced today that they have successfully completed the migration of DME's contracts to the CME Globex® electronic trading platform.

27 January 2009
DME Announces Update in U.S Tax Status
The Dubai Mercantile Exchange Limited (DME) announced today that the United States Internal Revenue Service ("IRS") has issued a public ruling (Revenue Ruling 2009-4) that the DME is now recognized as a "qualified board or exchange" within the meaning of the Internal Revenue Code.

14 January 2009
DME Hits Record Daily Volume of 6,484
The Dubai Mercantile Exchange Limited (DME) announced today that a total 6,484 contracts traded on the Exchange on Tuesday 13th January. This marks a new DME record for volume of contracts traded on the Exchange on a given day, up 35% on the previous high of 4,819, reached on Nov 18th 2008.

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