DME Approves Direct Access USA as A New Clearing Member

Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, today introduced the approval of Direct Access USA LLC as a new Clearing Member, to clear and settle trades carried out by its regional and international customers on DME.

Direct Access USA is owned by DA International Financial Services, a Hong Kong registered futures commission merchant which is regulated through the Securities and Futures Commission of Hong Kong and offering world brokerage services for quite a number products inclusive of securities, futures, and different financial products. The enterprise has rapidly grown into a leading overseas futures brokerage in Asia Pacific, with customer margin deposits of over $300 million.

Raid Al Salami, MD, DME said: We are pleased to develop our clearing members listing which suggests the extended appetite from new customers to trade Oman Crude Oil Futures, and to take part in the most transparent rate discovery mechanism for crude oil produced in the region. We welcome Direct Access USA as the most up-to-date DME Clearing Member, and we believe that this will lead to extra liquidity and greater varied merchants from around the globe to change the contract.

Ge XinQiang, Chairman of Direct Access International Group said: We are honored to be a clearing member of DME. Direct Access International is a clearing member centered on technical services. We are dedicated to grant better technical support to clients who are buying and selling in DME products. At the same time, we will help to promote and submit DME merchandise globally, especially in Asia Pacific as a contribution to the liquidity of DME products.