G. H. Financials provides Clearing services and Order routing services for the Dubai Mercantile Exchange (DME) derivatives contracts.
About Dubai Mercantile Exchange (DME)
The DME was launched in June 2007 with the goal of bringing fair and transparent price discovery and efficient risk management to the East of Suez. The DME lists the Oman Crude Oil Futures Contract (DME Oman) as its flagship contract, providing the most fair and transparent crude oil benchmark for the region. The DME Oman is the explicit and sole benchmark for Oman and Dubai crude oil Official Selling Prices (OSPs) - historically established markers for Middle Eastern crude oil exports to Asia.
The DME is a joint venture between Dubai Holding, Oman Investment Fund and CME Group. In addition to its core shareholders, global financial institutions and energy trading firms such as Goldman Sachs, J.P. Morgan, Morgan Stanley, Shell, Vitol and Concord Energy have taken equity stakes in the DME, providing the exchange with a resounding vote of confidence by major players in global energy markets.
Dubai Mercantile Exchange (DME) trading summary
Traded volume is all contracts for the 12 month period ending December 2014. Data is for illustrative purposes only. Source: FIA