The regulator of the proposed Dubai Mercantile Exchange
(DME), Dubai Financial Services Authority (DFSA) has enlisted
the help of the US Commodity Futures Trading Commission (CFTC)
in overseeing the progress of the exchange. DME has been
developed in conjunction with New York Mercantile Exchange
(Nymex) which has been planning to provide technical and
clearing technology for the venture (see FO Week Vol
10 No 23).
A protocol was agreed between the regulators in New York on
1 December when it was signed by David Knott, chief executive
of DFSA, and Reuben Jeffrey, chairman of CFTC.
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