DME gets overseas approvals
Commodity Online
DUBAI: The Dubai Mercantile Exchange Limited (DME), a joint venture between Tatweer, a member of Dubai Holding, and the New York Mercantile Exchange Inc., (NYMEX), announced today that it has received its first approvals from overseas regulators in Singapore and Japan.
The ‘no objection’ letter from International Enterprise Singapore (IES) and the written confirmation of ‘no restriction to provide direct access’ from Japan’s Ministry of International Trade and Industry (METI) allow qualified entities established or incorporated in those jurisdictions to access the DME Direct TM electronic trading platform (subject to the Dubai Financial Services Authority granting the DME a license to operate as an Authorised Market Institution).
They will also be permitted to become Members of the DME, providing they meet the relevant DME Membership criteria.
NCDEX CHANAJUN12 20 June 2012
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