Business | Markets
DME to start trading in two cash settled contracts in June
The Dubai Mercantile Exchange Limited (DME) on Tuesday announced that the exchange will start trading in its two new financially settled futures contracts for Brent and Oman crude oil in addition to its benchmark DME Oman Crude Oil Futures Contract.
Dubai: The Dubai Mercantile Exchange Limited (DME) on Tuesday announced that the exchange will start trading in its two new financially settled futures contracts for Brent and Oman crude oil in addition to its benchmark DME Oman Crude Oil Futures Contract.
The new DME Brent Crude Oil Financial Contract and DME Oman Crude Oil Financial Contract will be listed for trading on DME Direct, the Exchange's electronic trading system.
The DME Brent Crude Oil Financial Contract will be cash-settled against ICE's Brent Crude Futures Contracts, while the DME Oman Crude Oil Financial Contract will be cash-settled against the DME Oman Crude Oil Futures Contract.
"Having designed these new contracts in close consultation with our customers, we are confident that they will be a success, further enhancing overall liquidity and price transparency on the DME," said Gary King, Chief Executive Officer of the DME.
Share this article
More from Markets
More from Business
Popular in Business

-
General
Precious jump
Gold prices at new high as India's central bank buys $6.7b worth of gold
Business Editor's choice
-
UAE companies in full force at WTM
Seventy-eight participants are from Dubai and 50 from Abu Dhabi
-
DIFC committed to high standards
Ensures an efficient process to serve the business community
-
Sweet life in the Middle East
A sweet look at the confectionary industry in the UAE and Middle East


