(Source: Middle East Company News)

The Dubai Mercantile Exchange Limited (DME) announced today that
cumulative trading in its benchmark DME Oman Crude Oil Futures
Contract (DME Oman) has exceeded one million contracts, representing
one billion barrels of crude oil traded, since its launch on June
1st, 2007.
About the Dubai Mercantile Exchange:The Dubai Mercantile Exchange
Limited (DME) is the premier international energy futures and
commodities exchange in the Middle East, providing a financially
secure, well-regulated and transparent trading environment. Majority
owned by core shareholders Tatweer (a member of Dubai Holding), Oman
Investment Fund (OIF) and CME Group, the DME also released an equity
stake of up to 20% in August 2008 to a strategic investor group
including leading global financial institutions and energy trading
firms such as Casa Trading, Concord Energy, Goldman Sachs, J.P.
Morgan, Morgan Stanley, Shell and Vitol. The Exchange has developed
and trades the DME Oman Crude Oil Futures Contract, addressing the
growing market need for price discovery of sour crude oil destined
for East of Suez markets, while simultaneously bridging the time-
zone gap between Europe and Asia. Launched in June 2007, the
contract has averaged 2,037 contracts per day during 2009, and hit a
one day high of 8,076 contracts on June 23rd 2009, up on the
previous high of 6,484 contracts recorded on January 13th 2009.The
DME is a fully electronic exchange, and its contracts are listed on
the CME Globex platform, the world's leading electronic trading
platform, providing access to the broadest array of futures and
options products available on any exchange. The DME is regulated by
the Dubai Financial Services Authority and all trades executed on
the Exchange are cleared through and guaranteed by NYMEX (A member
of CME Group), an AA+ rated clearinghouse which is regulated by the
CFTC and licensed as a Recognised Body by the DFSA.Contact:DMEMitali
AtalT: +971 4 3655534 orJohn HobdayManaging Director, Gulf
RegionDubaiPO Box 71523, 17th Floor, Al Attar Business Tower, Sheikh
Zayed RoadDubai, UAE, T: +971 (0) 4 332 8832F: +971 (0) 4 332 8388
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