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Dubai Mercantile Exchange

Dubai, United Arab Emirates

Abbreviation

DME

Location

Dubai, United Arab Emirates

Region

Asia

Product Types

Energy

About Dubai Mercantile Exchange

The Dubai Mercantile Exchange (DME) is the Middle East's leading energy futures exchange, operating the Oman Crude Oil Futures Contract (OSP) and the Dubai Crude Oil futures contract. Established in 2007, DME provides price-discovery and hedging tools for Middle Eastern and Asian crude oil producers and refiners, with the Oman contract serving as a key benchmark for Gulf crude oil pricing. DME is jointly owned by the CME Group, Oman Investment Fund, and various stakeholders.

More Exchanges in Asia

Shanghai Gold Exchange

SGE · Shanghai, China

The Shanghai Gold Exchange (SGE), established in 2002 under the People's Bank of China, is the world's largest physical gold exchange by delivery volume. SGE is the primary platform for spot gold and silver trading in China, setting the Shanghai Gold Benchmark Price (SHAU) twice daily in Chinese yuan, which serves as a domestic pricing reference. Products include gold slab, gold ingot, gold bars, and silver spot contracts. The International Board of SGE (SGEI), launched in 2014, allows overseas institutions to trade gold in yuan, furthering RMB gold market internationalisation.

Mongolian Commodity Exchange

MCE · Ulaanbaatar, Mongolia

The Mongolian Commodity Exchange (MCE), established in 2013 in Ulaanbaatar, is Mongolia's primary platform for trading raw agricultural and pastoral commodities. MCE lists 21 types of raw materials across six commodity groups: cashmere, wool, livestock, grain, meat, and leather. As Mongolia is one of the world's largest producers of cashmere, MCE plays a critical role in setting domestic benchmark prices for this high-value fibre. The exchange aims to bring transparency and standardisation to Mongolia's traditional commodity trading sector.

Osaka Dojima Exchange

XKAC · Osaka, Japan

Osaka Dojima Exchange has its roots in the Dojima Rice Market, founded in 1697 in Osaka, which is considered the world's first commodity futures market. In its modern form, Osaka Dojima Exchange (rebranded from Osaka Dojima Commodity Exchange) trades futures and spot contracts for raw sugar, arabica coffee, rubber (RSS3, TSR20), precious metals (gold, silver), and agricultural products. Japan's Ministry of Economy, Trade and Industry (METI) regulates the exchange. Dojima's historical significance as the birthplace of futures trading makes it one of the most important institutions in global commodity market history.

Singapore Commodity Exchange

SICOM · Singapore

The Singapore Commodity Exchange (SICOM), founded in 1992, was Singapore's primary exchange for rubber futures and agricultural commodity derivatives. SICOM operated key rubber contracts including Ribbed Smoked Sheets Grade 3 (RSS3) and Technically Specified Rubber Grade 20 (TSR20), establishing Singapore as a global benchmark price-setting centre for Southeast Asian natural rubber. SGX (Singapore Exchange) acquired SICOM in 2014, integrating its commodity derivatives into the broader SGX platform, where SICOM rubber contracts continue to trade under the SGX Group umbrella.