Gulf Mercantile Exchange (GME)

About

Gulf Mercantile Exchange (GME) is a leading energy and commodities exchange in the Middle East. Headquartered in Dubai and regulated by the Dubai Financial Service Authority is the home of the largest physically delivered Crude Oil futures contract in the world.

Previously known as Dubai Mercantile Exchange (DME), a leading energy-focused commodities exchange, rebranded to GME, after an investment from the Saudi Tadawul Group in 2024, to push its focus on creating cross asset Commodity markets for the Kingdom of Saudi Arabia and the rest of the GCC.

GME has equal investment from CME Group with the flagship GME Oman Crude Oil Contract listed on CME Globex and cleared at CME Clearing House.

The exchange was founded to create futures pricing for Middle East National Oil Company with Oman (Shareholder) and Dubai utilizing the GME Oman daily marker price for all its crude exports to Asia along with Saudi Arabia, Kuwait and Bahrain utilizing the prices as part of their export pricing methodology.

Keywords

commodities, futures, crude oil, oman, trading, benchmark pricing, globex, metals, minerals, agricultural, sauid arabia, ksa, bahrain, kuwait, gcc, gme, gulf, quant, derivatives, correlation, middle east, exchange, benchmark, osp, energy, clearing

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