News & Events

DME - AUD Academy Host Seminar On Commodity Markets and Professional Trading Techniques
Tuesday, July 01, 2008

The Dubai Mercantile Exchange Limited (DME) recently held a "Commodity Markets and Professional Trading Techniques" seminar, delivered by the DME-AUD Academy held at the American University, Dubai.

This seminar provided a thorough introduction to the development of trading in the commodities sector, delivering insightful background to a number of regional business leaders looking to develop their knowledge of this increasingly critical topic. It was also attended by traders honing their technical analysis skills at the technical master class, covering topics such as charting and candlestick chart formations used to analyse trends and enhance investment decisions.

"Understanding the fundamentals of energy markets and commodities trading is increasingly relevant to the Middle Eastern business community, as the world focuses on the price of oil and its impact on the global economy," commented Gary King, Chief Executive Officer, Dubai Mercantile Exchange. "The Academy is perfectly positioned to leverage the combined expertise of the DME and the American University of Dubai in creating these seminars, which bring in experts from the regional commodities and energy industry to deliver second-to-none insights on this critical topic."

Speakers included Dr. Dalton Garis, Associate Professor of Economics of the Petroleum Institute, Abu Dhabi, and Mr. Adam Kaye of Online Trading Academy, as well as Mr. Jeff Curtis, Trading Manager from Oman Trading International, and Mr. Jamie Walker and Mr. John Cross from Daman Quattro.

The DME was established as the first truly international exchange in the Middle East, and is building an energy trading community consisting of a diverse and growing mix of regional and international traders, brokers and financial market participants, trading electronically as Floor Members of the DME. Its flagship contract, the DME Oman Sour Crude Oil Futures Contract, is increasingly seen as the third global benchmark for crude oil, and first for the pricing of Middle Eastern Sour Crude Oil.