DME approved for block trading


The Dubai Mercantile Exchange (DME) received approval in early January for block trading of its Oman crude oil futures, which will allow traders to submit off-exchange transactions.

Since January 14, customers have been able to submit privately negotiated trades of the futures contract, which the exchange launched on June 1, 2007.

Block trades can be submitted to the DME via the New York Mercantile Exchange (Nymex) Clearport trade entry platform by a broker or the Nymex facilitation desk. The bloc

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