DFM, DME to explore diversified financial products opportunities

DFM, DME to explore diversified financial products opportunities

The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of an agreement, that will cater to DFM’s large and diversified investors base of over 852,000 investors. The new initiative stems from both exchanges’ commitment to jointly implement Dubai’s strategy to develop financial markets and exchanges through various synchronised efforts. The agreement was signed by Hamed Ali, CEO of The Dubai Financial Market and Nasdaq Dubai, and Raid Al-Salami, Managing Director of Dubai Mercantile Exchange, in the presence of Ahmad Sharaf, Chairman of Dubai Mercantile Exchange, during the ‘Derivatives Day in Dubai’, the joint forum organised by the Dubai International Financial Centre (DIFC) in partnership with DME and CME Group, the world’s leading and most diverse derivatives marketplace. As the first initiative under this agreement, the two exchanges are planning to create a working group, following Dubai’s strategy to further develop financial markets. The collaboration with Dubai Mercantile Exchange will enable The Dubai Financial Market to develop investments opportunities related to the GCC crude oil industry and offer retail investors the opportunity to be directly involved in the biggest and most relevant asset class in the region. Dubai Financial Market plans