DME

Dubai Mercantile Exchange Limited (DME) is the leading energy focused commodity exchange in eastern Suez and the location of the world's third largest crude oil benchmark.

DME was launched in June 2007 with the aim of bringing fair and transparent price discovery and efficient risk management to the east of Suez. DME has listed the Oman crude oil futures contract (DME Oman) as its flagship contract, providing the region with the most fair and transparent crude oil benchmark. DME Oman is a clear and unique benchmark for the official selling price (OSP) of crude oil in Oman and Dubai - a historical indicator for Middle Eastern crude oil exports to Asia.

DME is a joint venture between Dubai Holdings, Oman Investment Authority, and Zhishang Exchange. In addition to core shareholders, global financial institutions and energy trading companies such as Goldman Sachs, JPMorgan Chase, Morgan Stanley, Shell, Vitol, and Concord Energy have invested in DME, providing a resounding vote of trust for exchanges in the global energy market.

DME is located within the Dubai International Financial Center (DIFC), a financial free zone aimed at promoting financial services within the United Arab Emirates. DME is regulated by the Dubai Financial Services Authority, and all transactions executed on DME are cleared and guaranteed through CME Clearing. CME is regulated by the US Commodity Futures Trading Commission (CFTC) and is an accredited institution of DFSA.