DME launches new trading mechanism

Abu Dhabi: DME, the Middle East’s premier international energy futures and commodities exchange, launched a new trading mechanism on Tuesday for customers of the DME Oman crude oil futures contract.

The mechanism, titled ‘Trade at Marker’ (TAM), will allow DME customers to buy and sell oil at a price directly linked to DME’s 12.30pm marker price.

The ability to trade the marker price directly will benefit investors who want exposure to Oman and Dubai’s crude oil export price but who may not necessarily want to trade during DME’s settlement window.