Straits Financial LLC joins DME as clearing member

Dubai: Dubai Mercantile Exchange (DME), the Middle East’s premier international energy futures and commodities exchange on Tuesday announced the approval of Straits Financial LLC as a Clearing Member.

Straits Financial LLC, is a Futures Commission Merchant (FCM) registered with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) and is also a full Clearing Member of the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the Commodity Exchange (Comex), the New York Mercantile Exchange (Nymex) and Clearport, the OTC (over the counter) Clearing Exchange.

Straits Financial LLC, together with other subsidiaries under Straits Financial Group offers a wide range of services including execution, brokerage, clearing and electronic trading, providing clients the gateway to trade in the world’s leading exchanges. Straits Financial Group is the broking division of CWT Limited, one of the largest publicly-listed logistics companies in South East Asia.