DME’s Oman oil contract flourishes from futurisation of swaps

Dubai

The Dubai Mercantile Exchange’s (DME) Oman crude oil futures contract is gaining more traction as regulation makes oil swaps less appealing for traders, according to Christopher Fix, chief executive at the DME.

The contract first launched in 2007 with the goal of becoming the benchmark for oil traded east of the Suez canal into Asia. Although volumes grew year on year, progress in pulling in more participants and increasing liquidity was slow, particularly after Saudi Aramco opted to use the Arg

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: