Building better benchmarks in Dubai: DME's Chris Fix on running an oil exchange
Top of the agenda for the Dubai Mercantile Exchange and its chief executive, Christopher Fix, is assuring the integrity of its crude oil benchmark. He talks to OpRisk about the operational challenges stemming from the exchange’s unique regulatory obligations and the advantages of time zone crossover with Beijing and London
In the heart of the world's richest oil reserves, Dubai has been pushing for years to change itself from a petrostate to a diversified economy. Focusing on alternatives such as financial services, tourism and entrepot business has not always gone smoothly – the construction boom of the 2000s left the emirate in serious financial trouble in 2009 – but attempts to entice foreign businesses to set up
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