Dubai Mercantile Exchange

Dubai Mercantile Exchange (DME), now known as Gulf Mercantile Exchange (GME), was launched in June 2007 as a joint venture between Dubai Holding, Oman Investment Authority, and CME Group. It was founded with the vision of creating internationally accessible derivatives markets for Middle East commodities, aiming to bring fair and transparent price discovery and efficient risk management to the East of Suez. Its flagship contract, the Oman Crude Oil Futures Contract (DME Oman), became the most transparent crude oil benchmark for the region and the largest physically delivered crude contract in the world, with over 3 billion barrels delivered through the exchange mechanism and 21 billion barrels traded. On inception of the DME Oman Crude contract, the Oman National Oil Company (Ministry of Oil and Gas in 2007) adopted the DME price discovery mechanism as the basis for pricing all its oil exports to Asia (East of Suez). This national-level recognition was followed by Dubai Department of Petroleum Affairs (2009), Saudi Aramco (2018), and Bahrain Petroleum Company (2018).

Dubai Mercantile Exchange (DME), now known as Gulf Mercantile Exchange (GME), was launched in June 2007 as a joint venture between Dubai Holding, Oman Investment Authority, and CME Group. It was founded with the vision of creating internationally accessible derivatives markets for Middle East commodities, aiming to bring fair and transparent price discovery and efficient risk management to the East of Suez. The Oman Crude Oil Futures Contract (DME Oman) became its flagship contract, providing the most transparent crude oil benchmark for the region and the largest physically delivered crude contract in the world, with over 3 billion barrels delivered through the exchange mechanism and 21 billion barrels traded. On inception of the DME Oman Crude contract, the Oman National Oil Company (Ministry of Oil and Gas in 2007) adopted the DME price discovery mechanism as the basis for pricing all its oil exports to Asia (East of Suez). This national-level recognition was followed by Dubai Department of Petroleum Affairs (2009), Saudi Aramco (2018), and Bahrain Petroleum Company (2018).

The Premier International Commodity Exchange in the Middle East

• Oman Crude Oil Futures Contract (DME Oman)

  Flagship contract providing the most transparent crude oil benchmark for the region and the largest physically delivered crude contract in the world.

• GME ACE (Alternative Crude Ecosystem)

  A new functionality that allows the execution and trade of multiple bilateral crude grades as differentials against GME Oman OQD cleared futures.

• GME Data

  Market data services including GME Marker Price and End of Settlements available via the GME Daily Bulletin, API, CME Direct, or Independent Software Vendor (ISV).

• 2021.04.05

  Reported2021.04.05

  Dubai Mercantile Exchange unveils Alternative Crude Ecosystem[5]迪拜商品交易所推出Alternative Crude Ecosystem平台thenationalnews.com

  Dubai Mercantile Exchange unveiled its Alternative Crude Ecosystem, a trading platform that allows several crude grades to be traded through the exchange.

Read more

1. 1GME - About GMEgulfmerc.com
2. 2GME - Board of Directorsgulfmerc.com
3. 3GME - GME ACEgulfmerc.com
4. 4GME - GME Datagulfmerc.com
5. 5迪拜商品交易所推出Alternative Crude Ecosystem平台thenationalnews.com