Source: CME Group
CME Group, the world's largest and most diverse exchange, announced today that the Dubai Financial Services Authority (DFSA) has granted CME, a CME Group Company, the status of a Recognized Body within the Dubai International Financial Centre (DIFC).
The DFSA is the independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the DIFC.
The Recognized Body status takes effect immediately and enables market participants in DIFC to apply to become members of CME Group and directly access and trade CME products via the CME Globex electronic trading platform.
The company is also applying to distribute CBOT products to market participants in Dubai in 2008, subject to regulatory approvals.
As previously announced, in January 2008 CME Group will provide its global customer base with access to every major asset class by offering CME and CBOT products (save metals) on a single electronic trading platform, CME Globex.
"We are pleased to receive this recognition from the DFSA, and to continue to expand our global reach to the fast-growing DIFC community," said Arman Falsafi, Managing Director, Europe, Middle East and Africa. "We look forward to working with the DFSA to provide CME Group's global product suite within the highest standards of market oversight to the benefit of both local and global customers."
Customers in Dubai interested in accessing CME Globex should contact CME Group's London Office.