The latest addition to the Dubai Financial Market in cooperation with the Dubai Mercantile Exchange
Future contracts trading on “Oman’s Fractionated Crude Oil” next June
The Dubai Financial Market announced its intention to launch new futures contracts trading on “Oman Fractionated Crude Oil” on the first of next June, which provides investors with a unique opportunity to invest in this important asset class.
The “fragmented Oman Oil Crude” contract will represent the latest addition to the futures market in the Dubai Financial Market, allowing investors to benefit from up and down oil price movements, in addition to diversifying their investment portfolios, and benefiting from leverage facilities, to increase the size of their investment portfolios and their potential returns.
According to the "Dubai Financial", the size of the split contract is up to 100 barrels of crude oil, allowing the largest possible number of investors to trade it, and it is settled in cash.
The trading of the new contracts will be supported by three market makers: “X-Cube”, “Al Ramz Capital” and “BHM Capital”, as well as the support of a group of trading members, including: “International Securities”, “B. HM Capital, Al Ramz Capital, Mena Corp Financial Services, Al Dar Stocks and Bonds, SICO Brokerage, EFG Hermes (UAE) and Arqaam Securities.
This is the first achievement of the cooperation agreement between the Dubai Financial Market and the Dubai Energy Exchange, which aims to develop new investment opportunities and enable individual investors to invest directly in the largest and most connected asset classes in the region.
This step comes within the framework of the market's tireless efforts to implement its growth strategy and diversify investment opportunities and financial products, in line with the increasing interest of its diverse base of investors, which exceeds 900,000 investors.
Follow our latest local and sports news and the latest political and economic developments via Google newsKeywords: