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FINANCIAL NEWS
Dubai- DME posts 40% surge in 2012 ADVs
11 Jan 2013
(MENAFN) Dubai Mercantile Exchange (DME) Chief Executive, Christopher Fix, stated that in 2012, average daily volumes (ADV) in the settlement window on DME surged by 40 percent to 1407, up from 1003 a year earlier, reported Khaleej Times.
Fix said that in December, total trading volumes on DME jumped by 25.7 percent on-year, growing to 103,904 contracts from 82,671, while ADV in the month grew by 32 percent to 5,195 contracts from 3,937.
He added that in November alone, 1,696 contracts were recorded.
It is worth noting that the DME remained the most credible benchmark for oil trading for the Asian markets, and DME Oman ranked as the world’s largest physically delivered crude oil futures contract.
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