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 the previous high
February 2012 saw the Exchange trade the highest number of DME Oman Crude Oil Futures (DME Oman) contracts in one month with a new record total of 107,565 contracts, equivalent to approximately 108 million barrels or 25% of total Arabian Gulf crude oil exports to the East.

Average Daily Volume (ADV) – 5,378 contracts, an increase of 21.5% over the previous record
The Exchange recorded its highest ever Average Daily Volume (ADV) at 5,378 contracts.

Single Day Volume Record – 10,142 contracts, 25.6% more than ever previously traded in a single day Read more

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 12 percent will be held on a non-voting basis by strategic investors, including Vitol, Shell, JP Morgan, Morgan Stanley, Goldman Sachs and Concord Energy. Read more

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 in June 2007. Read more

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 Oman) in January stood at 3,570 contracts (equivalent to 3.5 million barrels of oil per day), with a record total of 71,396 contracts traded throughout the month. This steady performance builds on the 35% year-on-year increase in trading levels reported for 2010. Read more

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 is the total number of outstanding futures contracts held by market participants and is regarded as a leading performance indicator in the industry. Open interest in DME Oman has increased steadily since launch: the previous total open interest record of 20,160 contracts was set in July 2010. Read more

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 number of outstanding futures contracts held by market participants and is regarded as a leading performance indicator in the industry. Open interest in DME Oman has increased steadily in 2010, the latest figure exceeding the previous total open interest record of 19,867 contracts set in February 2010. Read more

Dubai Mercantile Exchange celebrates third anniversary

Daily trading up 130% since 2008 with new contracts planned for 2010

The Dubai Mercantile Exchange Limited (DME) marked its third anniversary today with the announcement that average daily trading of its flagship DME Oman Crude Oil Futures Contract (DME Oman) has increased by 130% since 2008, averaging 2,955 lots since the start of 2010, equivalent to around 3 million barrels of oil traded daily. Read more

Dubai Mercantile Exchange announcesone Billion Barrels traded since Launch

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 of trading on 27 November 2009, DME Oman had traded a total of 1,000,174 contracts, which at 1,000 barrels per contract is equivalent to more than 1 billion barrels of crude oil.
Since its inception, DME Oman has provided the most fair and transparent price discovery mechanism for East of Suez crude markets. Reflecting the growing liquidity of its flagship contract, the DME reported a 60 per cent year on year increase in average daily volumes during 2009, averaging at 2,037 contracts. Read more

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 in a conference call in Dubai. Read more