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DME receives approval from Korea, Bahrain
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 yesterday that further to earlier approvals and no objection letters from overseas jurisdictions, the Financial Supervisory Service of the Republic of Korea will grant the DME recognition as a foreign futures market. Likewise, the Central Bank of Bahrain has notified the DME that they have no objection to the DME providing Bahrain-based entities access to DME Direct, the DME's state-of-the art trading platform.
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