DME announces launch date

The DME, a joint venture between Tatweer and Nymex, also announced the completion of its state-of-the-art trading floor, which features the latest electronic trading technology.

The initial three contracts to be traded on the DME’s electronic platform, DME Direct, will be the physically delivered Oman crude oil futures contract, and two financially settled contracts, a Brent-Oman spread and a WTI-Oman spread. Trading is expected to begin simultaneously at the following local times on 1 May:

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