Trading DME Contracts

DME Oman Crude Oil BALMO Futures (DDB)

Trading Unit
 
1,000 U.S. barrels (42,000 gallons)
 

Price Quotation
 
U.S. dollars and cents per barrel
 

Trading Symbol on Globex
 
Globex Thomson Reuters Bloomberg
DDB 0#1DDB: N/A
 

Trading Hours
 
Electronic trading is open from 1600 North American Central Standard Time / Central Daylight Time (CST/CDT) Sundays and from 1645 CST/CDT Monday to Thursday and closes at 1600 CST/CDT the next day, Monday to Friday.
 
Singapore is 14 hours ahead of CST and Dubai is 10 hours ahead. The time difference is reduced by one hour when CDT is in effect. Neither Dubai nor Singapore observe Daylight Savings Time.
 

Trading Months
 
The current month and the next two months will be listed.
 

Minimum Price Fluctuation
 
$0.001 per barrel ($1.00 per contract)
 

Maximum Daily Price Fluctuation
 
None
 

Daily Settlement
 
The Floating Price for each contract month is equal to the balance-of-month of the DME Oman Crude Oil Futures Contract Marker Price for the contract month that is the first nearby month starting from the selected start date through the end of the contract month, inclusively. The Marker Price shall be calculated as of 16:30 (Singapore time) for each Trading Day that such Marker Price is determined.
 

Final Settlement Price
 
Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.
 
 

Last Trading Day
 
Trading in the nearby Contract Month shall cease on the last Trading Day of the contract month.
 

Settlement Type
 
Financial
 

Rulebook Chapter
 
 

Governing Law
 
English Law
 

Holidays

Please visit the DME holiday calendar at http://dubaimerc.com/trading-hours-and-holiday-calendar