The New York Mercantile Exchange, Inc. today announced that it was recognized by the Dubai Financial Services Authority (DFSA) to provide the financial service of operating a clearinghouse in the Dubai International Financial Centre (DIFC).
The recognition is effective today and is an extension to the scope of the recognition notice previously granted to both NYMEX and COMEX on April 17, 2006. The exchanges were each granted the status of recognized bodies within the DIFC to operate an exchange.
The DFSA today also recognized the Dubai Mercantile Exchange (DME) as an authorized market institution in the DIFC.
NYMEX and the DME announced last week that trading of Oman crude oil futures will begin in Dubai on June 1, subject to obtaining all regulatory approvals.
FTSE Mondo Visione Exchanges Index:
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NYMEX Recognized By The Dubai Financial Services Authority
Date 26/04/2007
