Thursday, September 23, 2010

Dubai Mercentile exchange -

CME position limits

----
as: It seems lots of these Dubai guys have link to NYMEX from this DME officially as this lists here ( these are cleared by CME NYMEX )

The DME is located within the Dubai International Financial Center (DIFC), a financial free zone designed to promote financial services within the UAE. The DME is regulated by the Dubai Financial Services Authority and all trades executed on the DME are cleared through and guaranteed by NYMEX (a member of CME Group), which is regulated by the U.S. Commodity Futures Trading Commission (CFTC) and is a Recognised Body by the DFSA.

Q. How can I trade on the DME?
A. The only requirement is to become a Guaranteed Customer. This can be achieved by opening an account with a DME Clearing Member, and meeting the requirements set out in Chapter 4 of the DME Rulebook. A list of the DME Clearing Members can be found here. A full list of CME Globex ® certified ISVs for trade execution can be found here.



OQD Intra-Commodity Spread Tiers

Tiers

Months

11st Nearby
22nd - 18th Nearby
319th - 42nd Nearby
4Greater than 42nd Nearby


Outright (Scan) Spread Tiers for OQD
Tiers

Months

1All Months


OQD Intra-Commodity Spread Margins
Tiers
DME Member Margin/Hedger Initial Margin/Maintenance Margin
DME Guaranteed Customer (Non-Member) Initial Margin
0NewNew
1$450$608
2$400$540
3$300$405
4$300$405

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