DME to list products on CME Globex

The transition to Globex is scheduled to complete in the first quarter of 2009, subject to final DME board approval.

Adding the DME Oman Crude oil Futures contract and the DME Oman Crude Oil Financial Contract (ZG) will enable the world’s three crude oil benchmark products to trade on the same platform. According to CME, this will allow for improved risk management by Asian refiners, as well as creating arbitrage opportunities for the global trading community.

CME group executive chairman, Terry

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