Dubai Mercantile Exchange Limited (DME) is the premier energy-focused commodities exchange in the East of Suez and home to the world's third crude benchmark.
DME was launched in June 2007 with the goal of bringing fair and transparent price discovery and efficient risk management to the East of Suez. DME lists the Oman Crude Oil futures contract (DME Oman) as its flagship contract, providing the fairest and most transparent crude oil benchmark for the region.
DME is a joint venture between Dubai Holding, Oman Investment Fund and CME Group. In addition to its core shareholders, global financial institutions and energy trading firms such as Goldman Sachs, J.P. Morgan, Morgan Stanley, Shell, Vitol and Concord Energy have taken equity stakes in DME, providing the exchange with a resounding vote of confidence by major players in global energy markets.
DME is located within the Dubai International Financial Center (DIFC), a financial-free zone designed to promote financial services within the UAE.
DME is regulated by the Dubai Financial Services Authority and all trades executed on DME are cleared through and guaranteed by CME Clearing. CME Group is regulated by the U.S. Commodity Futures Trading Commission (CFTC) and is a Recognized Body by the DFSA.
DME has brought fair and transparent price discovery and efficient risk management to the East of Suez region and has played a critical role in bridging the time zone trading gap between European and Asian trading markets.