Dubai Mercantile Exchange announces new trading records

February sees highest monthly trading, best average daily volume and busiest day in exchange’s history The Dubai Mercantile Exchange (DME), the leading energy futures exchange in the Middle East, today continued its historic start to 2012 with the announcement of three new trading records: Total Monthly Traded Volume – 107,565 contracts, a 12.5% increase over […]

Dubai Mercantile Exchange gets support from existing Investors

Global derivatives marketplace CME Group and Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman, will increase their investments in the Dubai Mercantile Exchange to enable it to further grow its business. Oman Investment Fund will increase its holding to 29 percent; a subsidiary of Dubai Holding will retain 9 percent; and […]

Dubai Mercantile Exchange sets new records in July

The Dubai Mercantile Exchange Limited (DME) announced today that it set two new trading records during the month of July 2011. The exchange not only achieved the highest average daily volumes, but also saw record physical delivery for its benchmark Oman Crude Oil Futures Contract (DME Oman) since the commencement of trading on the Exchange […]

Dubai Mercantile Exchange sets new trading record in January 2011

Momentum built during 2010 continues in the new year The Dubai Mercantile Exchange Limited (DME) announced today that it set new trading records during the month of January 2011 with average daily volumes being the highest since the launch of the exchange. Average daily volumes (ADV) for the DME Oman Crude Oil Futures Contract (DME […]

Dubai Mercantile Exchange achieves new record in Open Interest

The Dubai Mercantile Exchange Limited (DME) today announced that it has achieved the highest level of open interest for its benchmark Oman Crude Oil Futures Contract (DME Oman) since the commencement of trading on the Exchange on June 1, 2007. As of September 30, open interest in the DME stood at 21,797 contracts. Open interest […]

Dubai Mercantile Exchange achieves new records in open interest and physical delivery

The Dubai Mercantile Exchange (DME) announced today that two new trading records were set in July 2010 as the exchange entered its fourth year of operations. Total open interest in its flagship DME Oman Crude Oil Futures Contract (DME Oman) during July 2010 reached a new record of 20,160 contracts. Open interest is the total […]

Dubai Mercantile Exchange announcesone Billion Barrels traded since Launch

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Historic achievement in 29th month of trading benchmark Oman contract 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. At the close […]

Dubai Mercantile Exchange sells 20% Stake to Goldman, Vitol

Dubai Mercantile Exchange, a venture with Nymex Holdings Inc., sold a 20 percent stake to financial firms including Goldman Sachs Group to attract more international investors to the bourse, according Bloomberg. Morgan Stanley, Vitol Group and Royal Dutch Shell Plc also bought a share of the stake, Ahmad Sharaf, chairman of the exchange, said today […]