19 August 2017
Find out more

Dubai Mercantile Exchange begins construction of trading floor

05 July 2006  |  3742 views  |  0 globe

The Dubai Mercantile Exchange says work has begun on the construction of its new state-of-the-art trading floor in the Dubai International Financial Centre (DIFC).

The DME, which will launch later this year, says its new trading floor will occupy two floors of District Building Number 2 and will be equipped with the latest technology for traders to conduct business on its electronic trading platform.

The 500 square-metre trading floor will consist of trading hubs fitted with tools necessary for traders to transact energy futures contracts and manage risk. The DME trading floor will also incorporate a twenty five square metre video wall on which traders will be able to view market data, video, news wires and other real-time information.

DME says in addition to individual seats, two-, four- and six-seat hubs will be offered to the local and international trading community.

Ahmad Sharaf, chairman of the DME board of directors, says: "This new trading facility will be the centre of activity for energy trading in the Middle East. Traders from around the world were asked what they would require from an electronic traded floor environment, and their consequent feed-back was incorporated."

International architectural firm Gensler has been working with consultants Dar Consultants, Tatweer, and Turner Construction International, as well as local contractors from Al Nabooda Interiors and Bilt Middle East to design the trading floor.

The DIFC opened in September 2004 and is the Dubai government's initiative to create a major financial hub for the Middle East region.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Dubai Financial Market signs for OMX trading technology

Dubai Financial Market signs for OMX trading technology

22 May 2006  |  13332 views  |  0 comments
DIFX names Per Larsson chief executive

DIFX names Per Larsson chief executive

27 March 2006  |  15142 views  |  0 comments
AtosEuronext wins Dubai exchange contract

AtosEuronext wins Dubai exchange contract

23 February 2005  |  10519 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8676 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7687 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6930 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6351 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6201 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job