FFastFill announced today that it has successfully completed conformance processing and now offers full connectivity to the Dubai Mercantile Exchange, the premier international energy futures and commodities exchange in the Middle East.
For FFastFill users, which include many of the largest brokerages and trading houses in international commodities trading, Dubai connectivity will now be accessible via FFastFill's advanced application service.
FFastFill's Executive Chairman and CEO Keith Todd said: "There is no question that energy markets are going to be in everyone's sights in 2008 and the Gulf
region is the mainspring for global oil markets. This industry is increasingly demanding much faster access to markets and our ASP service to Dubai complements our established connectivity to Nymex and ICE."
Gary King, Chief Executive Officer of the DME, commented: "As we continue to expand our global customer base, we are delighted that FFastFill users will now
have full connectivity to the DME. Our Oman Crude Oil Futures Contract is firmly establishing itself as the benchmark for pricing Middle East sour crude, creating greater price transparency and enabling our customers to better manage their risk.
"Facilitating even greater access to the DME's electronic trading platform will further reinforce the remarkable progress that we have made since launching the Exchange just six months ago, with record trading volumes, open interest and physical delivery of contracts."