The Dubai exchange has seen strong growth as US rivals have struggled
The Dubai Mercantile Exchange (DME) has seen volume increase
57% year on year, in contrast to Western exchanges which have
witnessed heavy drops in their oil futures due to low price
The DME, which trades Oman crude oil futures, recorded
196,022 contracts traded in April and has so far traded 763,507
contracts in 2014, becoming the seventh fastest growing
exchange and the fourth fastest in the energy derivatives
In comparison, Nymex and ICE Futures Europe, the
world’s two largest oil exchange, witnessed a
year-to-date decline of 8% and 20% respectively.
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