Business

Dubai Mercantile Exchange (DME), the premier international energy futures and stocks exchange in the Middle East has signed a Memorandum of Understanding (MoU) with Kpler, the preeminent provider of data-driven transparency solutions in commodity markets.

The strategic partnership will give way to data from hundreds of sources including AIS signals, asteroid images, logistics and commercial reports, and administrative and trucking databases. Kplers expensive technologies automatically aggregate and treat this data to produce real-time knowledge over more than 20 commodity markets.

The companys data is considered by more than 450 organizations globally, including buying houses, IOCs, NOCs, shipping companies, banks, and hedge funds. Expounding on the signing of the MoU, Raid Al-Salami, Managing Director, DME, said: We are delighted to partner with Kpler to improve the shopping experience for our consumers by providing access to real-time intelligence on stock indexes, flows, and freight.

By allowing traders to see rising market trends in great detail, we are helping them to manage risk and grow more prosperous strategies. Kpler has appeared as the uncontested leader of their field in terms of coverage and data quality and we look ahead to working closely with them. The sequence of its market intelligence will further cement DMEs status as a pioneering local exchange.

Franois Cazor, Co-founder and CEO of Kpler, said: We are delighted to associate with DME, one of the most powerful things in the Middle East and East Asian crude markets through its Oman Crude Oil Futures Contract. Kpler and DME share a common vision of Dubai as a central selling hub for our business, connecting the supply hub of the Middle East with call centres across the world.

Through this business, we signal our duty to these interlinked markets and additionally solidify our position as the foremost provider of market intelligence for products trade. We look forward to helping DME integrate Kpler data and to reaching new heights in the region together.

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