The exchange was originally established in 2005 when Tatweer and NYMEX signed a joint venture agreement to launch a commodities exchange in the Middle East. The following year, the Omani Ministry of Oil and Gas (MOG) announced that the official selling price (OSP) of Omani crude oil exported through the PDO will be set in accordance with the Oman DME Crude Oil Futures Contract. In the first half of 2007, the Oman Investment Fund (OIF) acquired a stake in DME, which was launched on 1 June of the same year. G. H. Financials provides clearing and order routing services for Derivative Contracts on the Dubai Mercantile Exchange (DME). The DME is located in the Dubai International Financial Center (DIFC) (a funding-free zone in Dubai) and is regulated by the Dubai Financial Services Authority. The U.S. Commodity Futures Trading Commission (CFTC) issued a “no-action letter” in 2007 that allows U.S. clients to trade DME contracts. The EMR has received further regulatory approval in 23 jurisdictions.

The EMR was launched in June 2007 with the aim of bringing fair and transparent pricing and effective risk management to the east of Suez. The DME cites the Oman Crude Oil Futures Contract (Oman EMR) as its flagship contract and provides the fairest and most transparent crude oil benchmark for the region. The Oman EMR is the explicit and unique reference for official selling prices (PSOs) for crude oil from Oman and Dubai – historically established markers for middle eastern crude oil exports to Asia. * the fellowship was opened on 1 June 2007. 1,000 barrels = 1 lot (or contract). Dubai Mercantile Exchange Limited (DME) makes no warranties, express or implied, as to the results that any person or entity may receive from the use of the futures contract that DME may list from time to time (DME Contract), including trading on the basis of the applicable EMR Contract or data associated with the applicable EMR Agreement. DME makes no warranties, express or implied, and hereby disclaims any warranties of merchantability or fitness for a particular purpose or use with respect to the applicable EMR Agreement or data generated from it or used to derive ratings for the applicable EMR Agreement. Without limiting the foregoing, in no event shall DME be liable for any loss of profits or any indirect, punitive, special or consequential damages (including loss of profits), even if advised of the possibility of such damages. S&P GLOBAL PLATTS, its affiliates and licensors do not warrant the relevance, accuracy, timeliness or completeness of S&P GLOBAL PLATTS` assessment or the data contained therein or communications, including, but not limited to, oral or written communications (including electronic communications) relating thereto. S&P GLOBAL PLATTS, its affiliates and licensors are not subject to damages or liabilities for any errors, omissions or delays therein.

S&P GLOBAL PLATTS, its affiliates and licensors make no warranties, express or implied, and expressly disclaim any warranties of merchantability or fitness for a particular purpose or with respect to the results obtained by Licensee, customers or users of the Agreement, or any other person or entity arising out of the use of the evaluation or contract of S&P GLOBAL PLATTS or any other person or entity. Reference to the S&P GLOBAL PLATTS brands. the assessment of S&P GLOBAL PLATTS or the data contained therein. Without limiting the foregoing, in no event shall S&P GLOBAL PLATTS, its affiliates and/or third party licensors be liable for any indirect, special, incidental, punitive or consequential damages, including, but not limited to, loss of profits, loss of business, loss of time or goodwill, even if they have been informed of the possibility of such damages, whether in contract, tort, strict liability or otherwise. The Dubai Mercantile Exchange (DME) is a Dubai-based commodity exchange that currently lists its flagship futures contract, the Oman Crude Oil Futures Contract (OQD). Launched in 2007, the DME aims to become the benchmark for the price of crude oil for the Asian market with its Oman Crude Oil contract, such as the North Sea Brent from the Intercontinental Exchange (ICE) to Europe and the West Texas Intermediate from the New York Mercantile Exchange (NYMEX) to North America. With more than 144 million barrels delivered by the exchange in 2010 and more than 50 companies regularly negotiating the contract, it seems that DME Oman reference oil has been accepted by market participants as a regulated and transparent reference for the East Suez market. Dubai Mercantile Exchange launches ACE – a new platform for trading several types of crude oil via the exchange After the expiry of a put option, the contract value for each contract is the product of the settlement price of the underlying contract month of the Dubai Crude Oil Futures (Platts) at the expiration date, which is deducted from the strike price and the result is multiplied by 1,000 barrels. provided that this product is less than zero, the value of the contract for each contract is zero. In December 2010, NYMEX announced the launch of six contracts related to DME Oman to complement the availability of trading instruments and support benchmarking.

(A) On the first trading day of a month`s options contract, trading takes place at the following exercise prices: The choice of the OQD contract as a benchmark was based on several important characteristics of the crude oil itself and its infrastructure, as opposed to the volume of exports compared to other Middle Eastern crude oils. First, Omani crude oil is not subject to OPEC production quotas and/or destination reductions or restrictions. Secondly, the geographical location of the export port of Mina al Fahal (operated by Petroleum Development Oman – PDO) in Muscat is in the Gulf of Oman, behind the Strait of Hormuz. Other reasons, such as increased levels of long-term production and investment, as well as the quality of crude oil, have helped tip the balance in favor of this crude oil as a benchmark. DME`s flagship contract is Oman`s crude oil futures contract, which was launched on June 1, 2007 and has become the largest physically delivered crude oil contract in the region. The physical settlement of the contract gives it a unique aspect where the month of negotiation before is two months in advance (e.B.: the March contract is the month of beginning during the January negotiation). DME is a joint venture between Dubai Holding, Oman Investment Fund and CME Group. In addition to its major shareholders, global financial institutions and energy trading companies such as Goldman Sachs, J.P.

Morgan, Morgan Stanley, Shell, Vitol and Concord Energy have acquired stakes in DME, giving the stock market a resounding vote of confidence from key players in global energy markets. CME Group`s acquisition of NYMEX had a major impact on DME. .