The Dubai Mercantile Exchange’s new chief executive officer, Thomas Leaver, told Futures and Options Intelligence today that his priority is to build trading volumes at the energy exchange. While he said that this would be achieved organically, he said the CME Group would prove critical to allowing the exchange to meet its targets – dispelling rumours that the Chicago-based exchange would not support its new affiliate.
DME is 20% owned by the New York Mercantile Exchange, which CME is in the process of buying.
“First and foremost my priority is to build volumes,”...