UAE – Mubasher: Dubai Mercantile Exchange (DME), the leading international energy futures and commodities exchange in the Middle East, approved for Direct Access USA LLC to become a new clearing member.
Following this appointment, Direct Access, which is owned by DA International Financial Services, will clear and settle trades executed by the company’s regional and international customers on DME.
Commenting on this approval, managing director of DME, Raid Al Salami, said: “We are pleased to grow our clearing members list which indicates the increased appetite from new customers to trade Oman Crude Oil Futures.”
Meanwhile, chairman of Direct Access International Group, Ge XinQiang, said: “We are committed to providing better technical support to customers who are trading in DME products. At the same time, we will help promote and publish DME products globally, especially in Asia Pacific as a contribution to the liquidity of DME products.”
