Dubai Mercantile Exchange records 36% increase in 2013 trading volumes | GulfNews.com:
"The Dubai Mercantile Exchange (DME), ended 2013 on a record high with its flagship DME Oman Crude Oil Futures contract posting year-on-year average daily volume (ADV) trading growth of 36 per cent with 6,355 lots per day.
The DME Oman contract consolidated its status as the Middle East’s largest physically delivered crude oil futures contract with more than 1.6 billion barrels of crude oil traded during 2013. In November 2013, DME set a new record for ADV of 7,450 lots equivalent to almost 7.5 million barrels of crude oil per day. New records in total monthly volume were also set in July 2013 with 162.4 million barrels of crude oil traded through the exchange. More than 60 companies now trade regularly through the exchange, representing all of the key stakeholders in the Asian crude oil markets as well as growing numbers of financial participants from around the world."
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