Nymex goes for Dubai

13 Jun 2005

New York Mercantile Exchange (Nymex) has confirmed reports that it plans to open an exchange in Dubai as a joint venture with Dubai Holdings, an investment arm of Dubai's government. Nymex said that it expected to launch Dubai Mercantile Exchange (DME) early in 2006.

According to a Nymex statement, the new exchange will house both open outcry and electronic trading platforms, and...

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