Nymex in venture to establish 1st Mideast energy futures exchange
Jun 13, 2005 | 09:30 AM
|
The New York Mercantile Exchange has formed a 50-50 joint venture with Dubai Holding, an investment arm of the Dubai government, called the Dubai Mercantile Exchange (DME).
The Middle East's first energy futures exchange is expected to start trading-initially sour crude and fuel oil contracts-in early 2006.
Products will be traded both by open outcry and electronically. Software and systems set to run DME operations, including trade entry and risk management systems, will be provided by Nymex.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here