Trading DME Contracts

Q. What constitutes a Block Trade?

A. A block trade is a futures transaction executed off the Exchange. In order to be considered a Block Trade, the trade must satisfy the following conditions:

Minimum size

Contract

Minimum Block Size

DME Oman Crude Oil Futures (OQD)

50 lots

DME Oman Crude Oil Financial (ZGD)

50 lots

DME Oman Crude Oil European Style Option (OQE)

50 lots

Brent (Singapore Marker) vs. DME Oman Crude Oil Futures (BDS)

5 lots

Brent vs. Dubai (Platts) Crude Oil BALMO Futures (DHI)

5 lots

Brent vs. Dubai (Platts) Crude Oil Futures (DBI)

5 lots

DME Oman vs. Dubai (Platts) Crude Oil Futures (DDO)

5 lots

Dubai Crude Oil (Platts) BALMO Futures (DDI)

5 lots

Dubai Crude Oil (Platts) Futures (DCD)

5 lots

DME Oman Crude Oil BALMO Futures (DDB)

5 lots

DME Oman Crude Oil Calendar Futures (ODO)

5 lots

Singapore Gasoil (Platts) vs. DME Oman Crude Oil Futures (DDA)

5 lots

Singapore Jet Kerosene (Platts) vs. DME Oman Crude Oil Futures (DKR)

5 lots

Singapore Mogas 92 Unleaded (Platts) vs. DME Oman Crude Oil Futures (DDE)

5 lots

Dubai Crude Oil (Platts) Average Price Option (DAH)

5 lots

DME Oman Crude Oil Average Price Option (DRD)

5 lots

Middle East Fuel Oil 180 cst (Platts) Futures (DHE)

3 lots

Middle East Fuel Oil 380 cst (Platts) Futures (DES)

3 lots

Singapore vs. Middle East Fuel Oil 180 cst Spread (Platts) Futures (DSM)

3 lots

Singapore vs. Middle East Fuel Oil 380 cst Spread (Platts) Futures (DSI)

3 lots

Singapore Fuel Oil 180 cst (Platts) Futures (DUP)

3 lots

Singapore Fuel Oil 380 cst (Platts) Futures (DSE)

3 lots

Singapore Fuel Oil 180 cst vs. 380 cst (Platts) Futures (DSD)

3 lots
  • Reported to the Exchange within 5 minutes of execution

  • Price is fair and reasonable in light of the size of the block trade and other transactions done in the same contract at the same time

  • Orders have not been aggregated

  • Order was specified as a "block" by initiating customer in advance

  • Accurate records have been kept by the broker

Q. How do I place a Block Trade order?

A. If the order is for the minimum block size or above, when placing your order with the broker, you need to advise that you wish the trade to be entered as a block trade. The trade details will be entered either into CME ClearPort Clearing or Front End Clearing. To submit Block Trades via CME ClearPort Clearing, counterparties must be registered to use CME ClearPort Clearing. A broker can submit the Block Trade on behalf of the counterparties, or alternatively, the CME ClearPort Facilitation Desk (tel. +1 212 299 2457 or email clearport@cmegroup.com) can also submit the trade to CME ClearPort Clearing on the counterparties' behalf.

For submission of Block Trades for clearing through CME Front End Clearing, the counterparties send details of their Block Trade to their respective Clearing Members, provided the Clearing Members have access to CME Front End Clearing. Access to FEC is granted by the CME to Clearing Members only.

For further details please refer to Rule 6.30 in the DME Rulebook.