Launched by the Dubai Mercantile Exchange (DME) on 1 June 2007, the DME Oman Crude Oil Futures Contract (OQD) is the Asian crude oil pricing benchmark. The contract is traded on the CME Group's electronic platform CME Globex, and cleared through CME Clearport.
Video DME Oman Crude Oil Futures Contract
Contract specifications
Maps DME Oman Crude Oil Futures Contract
Statistics
*: the exchanged opened on 1 June 2007.
DME Oman linked contracts
On 5 December 2010, NYMEX launched six DME Oman-linked contracts, traded bilaterally and cleared through CME Clearport. These new DME Oman-linked contracts complement the OQD Futures contract and give market participants regulated and transparent Over-The-Counter (OTC) contracts. The contracts are:
- DME Oman Crude Oil Swap Futures (DOO)
- DME Oman Crude Oil BALMO Swap Futures (DOB)
- ICE Brent vs. DME Oman Crude Oil Swap Futures (DBO)
- DME Oman Crude Oil Average Price Option (DOA)
- Singapore MOGAS 92 Unleaded (Platts) vs. DME Oman Crude Oil Swap Futures (DNB)
- Singapore Gasoil (Platts) vs. DME Oman Crude Oil Swap Future (DZB)
The two main contracts which traded immediately were the DOO and the DOB with over 1.7 million barrels (270,000 m3) traded in the first week of their launch.
See also
- West Texas Intermediate
- Dubai Mercantile Exchange
- CME Group
- The Chicago Mercantile Exchange
- NYMEX
- Petroleum Development of Oman
- Commodity Futures Trading Commission
- Dubai Financial Services Authority
- List of futures exchanges
- List of traded commodities
External links
- DME website
- CME Group website
- DFSA Website
Source of the article : Wikipedia
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