CME’s CCP to clear Middle East products and reduce 'black swans'
Through CME's central counterparty clearing (CCP) platform, CME ClearPort, the group will start clearing six futures contracts that are listed on the Dubai Mercantile Exchange (DME) as of December 6 this year.
The contracts include DME Oman Crude Oil Swap Futures, DME Oman Crude Oil vs ICE Brent Swap Futures, DME Oman Crude Oil Average Price Option, Singapore MOGAS 92 Unleaded (Platts) vs DME Oman Crude Oil Swap Futures, Singapore Gasoil (Platts) vs DME Oman Crude Oil Swap Futures, and DME Oman
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