The cool down period will be made available for Marker price published for DME Oman Crude Oil Futures Contract, "OQD". DME currently publishes a daily Marker price for OQD at 1630 Singapore time (1230 Dubai Time, 0230 CST or 0330 CDT). This price represents the weighted average price of trades in the nearby Contract Month between 1625 and 1630 (Singapore Time). DME will embed a cool down period for the disseminated Marker price. During the cool down period, DME reserves the right to amend the daily Marker price if deemed necessary. The duration of the cool down period will be 60 minutes and it ends by 1730 Singapore time (1330 Dubai Time, 0330 CST or 0430 CDT adjusted accordingly with DST as applicable). However in exceptional circumstances DME reserves the right to extend the cool down period. A notification will be sent to customers in case there is any change to the Marker price. The cool down period helps DME to:
A. Scenario 1 – Normal Trading Day:
Like any other trading day, the front month Daily Marker Price will be published at 1630 Singapore time (1230 Dubai Time, 0230 CST or 0330 CDT) followed by the full curve publishing.
B. Scenario 2 – Price changes due to Error Trade(s) / DME Review:
In case there is a price change due to an Error Trade or changes / DME Marker Price review, DME will immediately amend the price within the cool down period which ends by 1730 Singapore time (1330 Dubai Time, 0330 CST or 0430 CDT). DME will also publish a “DME Notice – Marker Price Changes” informing the price change to the market. After cool down period ends, no changes will be made to the Marker prices. However in exceptional circumstances DME reserves the right to extend the cool down period. DME will notify CME Global Command Center ("GCC") and CME Clearing House.
GCC Contact Details
Customer support is available 24 hours a day, beginning at 14:00 Sunday through 16:30 Friday, Central Time.