nanhua usa becomes first chinaheadquartered clearing member of dme
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Nanhua USA becomes first China-headquartered clearing member of DME

Arab Today, arab today

Arab Today, arab today Nanhua USA becomes first China-headquartered clearing member of DME

Dubai Mercantile Exchange (DME Oman)
Dubai - WAM

Dubai Mercantile Exchange ( DME ), the premier international energy futures and commodities exchange in the Middle East, yesterday announced the approval of Nanhua USA as a Clearing Member. A futures brokerage firm headquartered in Hangzhou, serving institutional, corporate and individual clients, Nanhua USA becomes the first China-headquartered Clearing Member of the DME .

The move assumes significance in light of the strong interest in DME among Chinese oil traders and the impending launch of a new crude oil futures contract by the Shanghai International Energy Exchange Corporation (INE). The DME signed an MoU with INE in 2014 to build a tighter relationship with its Asian customer base and to support the development of energy trading benchmarks within Asia.

As a Clearing Member, Nanhua USA will be entitled to clear and settle trades carried out by its regional and international customers on the DME .

"We are very pleased to have Nanhua USA join us as a Clearing Member" said Owain Johnson, Managing Director, DME . "The DME Oman Crude Oil Product has become a key benchmark for Asian traders due to its transparency and regulated price discovery mechanism. With energy trading becoming a key growth driver for countries along the crude oil corridor between the Middle East and Asia, the participation and backing of major financial players such as Nanhua will help support greater liquidity for our customers and allow DME to continue its expansion and growth momentum."

David Luo, CEO, Nanhua Futures, said, "We are delighted to be building a relationship with the Middle East's premier energy-focused commodities exchange at a time when it is receiving increasing interest from traders and global financial participants. Nanhua USA's decision to take a clearing membership of the Exchange is a well-calculated move aimed at satisfying the growing appetite among Chinese customers for the DME Oman Crude Oil Product. Besides, DME acts as an important gateway into several high-potential markets, and becoming a Clearing Member on the Exchange allows us to scale up our operations in these markets and provide enhanced market access and trading opportunities to our customers."

Since its establishment in 1996, Nanhua Futures (China) has been actively involved in both commodity and financial futures brokerage services. The company maintains full member status of Shanghai Futures Exchange (SHFE), Zhengzhou Commodity Exchange (CZCE), and Dalian Commodity Exchange (DCE); and is one of the first companies to gain general clearing member status of China Financial Futures Exchange (CFFEX). With registered capital of 510 million RMB, Nanhua Futures is now recognised as one of the top-10 futures companies in China.

Nanhua Futures aims to establish a Global Energy Trading Platform. Currently, we are now the Clearing Member of CME Group and DME , General Participant member of ICE Europe and we are applying for the Clearing membership of ICE US and INE.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nanhua usa becomes first chinaheadquartered clearing member of dme nanhua usa becomes first chinaheadquartered clearing member of dme

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nanhua usa becomes first chinaheadquartered clearing member of dme nanhua usa becomes first chinaheadquartered clearing member of dme

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday