A. The DME's membership structure aims to attract a mix of local, regional and international market participants to the DME. In addition to satisfying the DME membership criteria due diligence process, all potential Members will have to be authorized, recognized or otherwise permitted by the DFSA to conduct the activities which it intends to conduct while trading on the DME.
The DME has three categories of membership: Equity, Off-Floor and Clearing Members.
Are those entities that may have equity stakes in the Exchange and have the right to access and to trade on the Trading Platform, subject to all applicable laws and regulations.
Are those entities that have the right to access and to trade on the Trading Platform, subject to all applicable laws and regulations.
Clearing members are permitted to have the ability to clear DME transactions. DME Clearing Members must also be CME Clearing Members.
For more details, please see the membership section of the website.
A. An entity applying for Equity Membership status can be from anywhere in the world subject to DME having the appropriate local permissions to allow access to the CME Globex® trading platform.
A. An entity applying for Off-Floor Membership status can be from anywhere in the world subject to the DME having the appropriate local permissions to allow access to the CME Globex® trading platform. Off-Floor Membership application details and information can be obtained by emailing DME's Membership Department (firstname.lastname@example.org).
A. To become a DME Clearing Member, an entity must already be a Clearing Member of the CME Clearing House. If an entity is already a Clearing Member of the CME Clearing House it must apply to the DFSA for Recognised Member Status and satisfy the additional DME Rule Book criteria for membership. An application for Clearing Membership can be obtained by emailing DME's Membership Department (email@example.com).
A. Yes, an entity can have more than one type of membership and/or may have more than one membership of a particular type.
A. Retail clients are not permitted to be DME Members.
A. No, Non-Members can trade on the DME, so long as they meet the DME Rulebook requirements.
A. A Direct Electronic Access (DEA) Customer is not a Member, but rather a customer that has direct access to the trading platform for the purpose of trading DME contracts. The DEA Customer trades under the guarantee of their Clearing Member. In order to be a DEA Customer, an entity needs to have an account with a DME Clearing Member and meet the requirements set out in the DME Rulebook. The DME Clearing Member can facilitate electronic access to the DME, or else the DEA Customer can trade via one of the CME Globex® certified Independent Software Vendors (ISVs).