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Dubai's DME introduces new platform to trade multiple crude grades

DME launches platform to trade multiple crude grades DUBAI, 5 hours, 29 minutes ago Dubai Mercantile Exchange (DME), an international energy futures and commodities exchange in the Middle East, has launched Alternative Crude Ecosystem (ACE) - a bilateral trading platform to trade multiple crude grades through the exchange. DME, which is based in Dubai International Financial Centre (DIFC), the region’s leading global financial centre, will make the platform available for all participants and will offer traders the opportunity to trade bilateral barrels of Dubai, Upper Zakum, Murban, Basr...

The Alternative Crude Ecosystem "is a unique platform where it combines Futures and OTC in one transparent window for the very first time, offering all participants opportunities to optimise their trading activities and manage their exposure across multiple crude grades," said DME managing director Raid Al Salami. The DME Oman crude grade, which is based on a medium gravity, high sulphur crude is used by several regional players, including Saudi Aramco. Middle Eastern players are playing a greater role in the pricing and trading of oil. Adnoc and a number of its trading and upstream partners ...

Dubai — The Dubai Mercantile Exchange, which lists the Oman crude futures contract, has launched a new platform that allows the trading of several Middle East crude grades in a bid to attract more participants -- nearly a month after the UAE began trading flagship Murban crude futures on a new exchange. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now DME has launched Alternative Crude Ecosystem, or ACE, "a new bilateral trading platform to enable participants to trade multiple crude grades through the exchange," it ...

DME introduces Alternative Crude Ecosystem 05 Apr 2021 Picture used for illustrative purpose. Dubai Mercantile Exchange (DME), on Monday announced the launch of Alternative Crude Ecosystem (ACE) - a new bilateral trading platform to enable participants to trade multiple crude grades through the exchange. DME, which is based in Dubai International Financial Centre (DIFC), will make the platform available for all participants and will offer traders the opportunity to trade bilateral barrels of Dubai, Upper Zakum, Murban, Basrah Light, Basrah Heavy, Al Shaheen and Om...