March 11, 2010

Dubai to launch oil swaps, options

DALLAS: The Dubai Mercantile Exchange (DME) plans to introduce oil swaps and options against its benchmark sour-crude in the coming months.

The exchange is awaiting approval from the US Commodity Futures Trading Commission before introducing the derivatives, based on the DME’s Oman crude contract, a Persian Gulf benchmark for Asia, DME chairman Ahmad Sharaf said yesterday in Houston. — Bloomberg

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About Me

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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