CFTC to assist DFSA with DME regulation

12 Dec 2005

The regulator of the proposed Dubai Mercantile Exchange (DME), Dubai Financial Services Authority (DFSA) has enlisted the help of the US Commodity Futures Trading Commission (CFTC) in overseeing the progress of the exchange. DME has been developed in conjunction with New York Mercantile Exchange (Nymex) which has been planning to provide technical and clearing technology for the venture (see FO Week Vol 10 No 23).

A protocol was agreed between the regulators in New York on...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.