CQG will begin connecting traders to the Dubai Mercantile Exchange (DME) when the exchange launches on May 1, 2007. The new connection will provide CQG customers with market data and order routing access for DME products.
The DME will offer price transparency and market liquidity for Middle East sour crude oil from the world’s foremost oil producing and exporting region. Upon its debut, the DME will list the physically deliverable Oman Crude Oil Futures Contract, as well as two financially settled futures contracts, the Brent-Oman Spread, and the WTI-Oman Spread.
Traders can place orders using CQG Integrated Client and CQG Trader and can use a new API to bring CQG data and functionality into their own applications.
Connectivity to the DME complements CQG’s energy product offering for traders. The DME deal also builds upon CQG’s recent success in providing access to electronic energy markets in New York.
