(MENAFN- Muscat Daily) DME on Tuesday set a new open interest record of 24,391 lots, which is equivalent to 24.4mn barrels of crude oil
According to a press release, the previous record was set on March 26, 2013 when open interest was 23,429 lots.
DME has witnessed strong trading growth in recent months. A number of new participants have joined the DME Oman market, while existing customers have also stepped up their participation. In February, DME reached the 5bn barrel mark, with a total of 5mn contracts traded on the exchange. That milestone came just ten months after the DME passed the 4bn mark.
Christopher Fix, chief executive of DME, said, ''The new record marks another success for the Oman Crude Oil Futures contract and indicates the trust we have gained from traders around the globe. This achievement directly reflects the robustness of our offering and we believe DME is well positioned to break yet more records in the near future.''
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