DME drills deep in early trading

Dubai Mercantile Exchange (DME)'s long awaited debut saw an encouraging start with healthy early volume as the exchange seeks to develop new contracts after rolling out its suite of Oman oil futures on 1 June. Observers speculate that following the energy products DME could move into metals before eventually heading into financial futures.

First day volume on DME, a joint venture between Tatweer Dubai, a subsidiary of Dubai Holding, and New York Mercantile Exchange (Nymex), stood at...