Dubai: The Dubai Mercantile Exchange (DME) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Abu Dhabi Securities Exchange (ADX) allowing them to collaborate on several fronts to further drive the growth and development of capital markets in the UAE and the wider Middle East region.
“DME’s proven expertise in attracting members from across the globe and driving trading volumes on its platform combined with ADX’s unique listing and stock trading experience will facilitate increased capital market participation and investment from local and international investors,” Ahmad Sharaf, chairman of DME said in a statement.
DME is the leading energy futures and commodities exchange in the Middle East and is witnessing consistent growth in trading volumes to reinforce the position of its flagship product — DME Oman — as the most credible trading benchmark for the Asian crude oil markets. DME and ADX Sign MoU to Drive Development of UAE & Regional Capital Markets
