Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

DME launches new trading tool for Oman futures  Join our daily free Newsletter

MENAFN - Muscat Daily - 01/07/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Muscat Daily) DME, the Middle East's premier international energy futures and commodities exchange, launched a new trading mechanism Trade at Marker (TAM) on Tuesday, July 1, for customers of the DME Oman crude oil futures contract.


The TAM trading mechanism will allow DME customers to buy and sell oil at a price directly linked to DME's 12:30pm marker price. The average of the month's marker prices on the DME is the basis of the crude oil export price of Oman and, making the DME Marker Price one of the world's key energy benchmarks.


The ability to trade the marker price directly will be useful for investors who want exposure to Oman and Dubai's crude oil export price, but who may not necessarily want torade during DME's settlement window. TAM can be traded on a daily basis for the front three months of the DME Oman crude oil contract.


The mechanism will be particularly useful for asset managers who want exposure to DME Oman without needing to participate in the price-formation process or for refiners that would like to guarantee that their procurement costs are as close as possible to the official selling price (OSP) of Oman crude oil, a press release said on Tuesday.


Christopher Fix, chief executive officer of DME, said: ''At a time when price volatility has returned to the market, a trading mechanism like Trade at Marker that provides greater certainty in execution will be very attractive to some traders.''

 


Muscat Daily




  MENA News Headlines
 Mar 23 2017 - UAE- Cuadrado lifts Juventus in Serie AKhaleej Times
(MENAFN - Khaleej Times) Juventus beat a spirited Sampdoria 1-0 after Juan Cuadrado's early goal to provisionally extend their lead in Serie A and take a step closer to a sixth successive Scudetto, ...

 Mar 23 2017 - Dogs attack children in UAE, owner gets suspended jail termKhaleej Times
(MENAFN - Khaleej Times) The dogs were under the care of an 'illegal' maid at the time of the incident. A child in Abu Dhabi has been severely wounded after two dogs attacked him. Two dogs, ...

 Mar 23 2017 - Free on-arrival visas to Chinese, Russians fuel spurt in Dubai tourist trafficKhaleej Times
(MENAFN - Khaleej Times) China, Russia move up rankings as key source markets for inbound tourism to Dubai. Dubai recorded a significant jump in tourist traffic in the first two months of 2017 on the ...

 Mar 21 2017 - Jordan- Royal Air Force receives 2 Black Hawk helicoptersJordan News Agency
(MENAFN - Jordan News Agency) Amman, March. 21 (Petra) -- The Royal Jordanian Air Force, on Tuesday, received two UH60-M Black Hawk helicopters at the Marka military airport, in the presence of the ...

 Mar 21 2017 - Jordan- Arab Summit's media center ready, says Petra directorJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 21 (Petra) -- Director of the Amman Arab Summit Media Center, Director-General of Jordan News Agency (Petra), Faisal Al Shboul, on Tuesday said the center, ...

 Mar 22 2017 - Jordan- Nearly 600 million children will face extremely limited water resources by 2040 - UNICEFJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 22 (Petra) – The Nations International Children's Emergency Fund(UNICEF) warned that some 600 million children, that is 1 in 4 children worldwide, will be ...

 Mar 22 2017 - Jordan- Israeli tanks cross into Gaza, level landsJordan News Agency
(MENAFN - Jordan News Agency) Gaza, March 22 (Petra) -- A number of Israeli bulldozers and military vehicles early Wednesday advanced deep into Gaza enclave reaching al-Qarara town near Khan Younis ...

 Mar 22 2017 - Jordan- Palestinian killed, two injured by Israeli artillery fireJordan News Agency
(MENAFN - Jordan News Agency) Gaza, March 22 (Petra) -- One Palestinian was killed and two others injured Wednesday dawn by Israeli artillery fire in Gaza, according to a Palestinian official. Gaza's ...

 Mar 22 2017 - Jordan- Cloudy skies, colder temps overnight forecast for three daysJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 22 (Petra) - Cloudy skies with scattered rain accompanied with thunder and lightning are forecast Wednesday across the Kingdom, with daytime temperatures ...

 Mar 23 2017 - UAE- Are you suffering from Glaucoma? Get a free check upKhaleej Times
(MENAFN - Khaleej Times) Glaucoma is the second leading cause of blindness and Art of Living Abu Dhabi Chapter is organising an event to enlighten public about the disease. Art of Living with the ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help