“Launching an international commodity exchange in the Middle East and a new sour crude oil benchmark is unprecedented as well as extremely challenging,” the exchange said in a statement today. “The regulatory, technical and commercial aspects that need to be conceived, considered and acted upon to ensure the DME succeeds are necessarily complex, and it is essential that absolutely everything is in place when the exchange goes live.”
DME is a joint venture between the New York Mercantile Exchange and Tatweer, a member of industrial group Dubai Holding.
The week on Risk.net, October 6-12, 2017Receive this by email
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