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Article: DME hits new daily average record in Oct.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- November 2, 2009
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Byline: Dubai
The Dubai Mercantile Exchange (DME) has announced that a record average daily volume (ADV) of 2,624 contracts was achieved in its flagship DME Oman Crude Oil Futures contract (DME Oman) during October.
The DME also reported a 58 per cent year on year increase in DME Oman average daily volumes during 2009, averaging at 2,012 contracts.
The new record ADV in October surpasses the previous high of 2,421 contracts achieved in June. That same month also saw the DME attain a new daily volume record of 8,076 contracts traded on June 23, following the Dubai Petroleum Authority's announcement that it would set its Official Selling Prices ...