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Press Release

Chicago Mercantile Exchange (CME) Appoints Dr. Fereidun Fesharaki as a Director of the Dubai Mercantile Exchange (DME)


LONDON (March 10, 2017) – FGE is delighted to announce that Dr. Fereidun Fesharaki, Chairman FGE, has been appointed a Director of the Dubai Mercantile Exchange (DME) by the Chicago Mercantile Exchange (CME).

Dr. Fesharaki had served on the DME board since 2009, as a Director for Dubai Holdings prior to his recent appointment by the CME.


About the DME

Dubai Mercantile Exchange Limited (DME) is the premier energy-focused commodities exchange in the East of Suez and home to the world's third crude benchmark.

DME was launched in June 2007 with the goal of bringing fair and transparent price discovery and efficient risk management to the East of Suez. The DME lists the Oman Crude Oil Futures Contract (DME Oman) as its flagship contract, providing the most fair and transparent crude oil benchmark for the region. DME Oman is the explicit and sole benchmark for Oman and Dubai crude oil Official Selling Prices (OSPs) - historically established markers for Middle Eastern crude oil exports to Asia. 

Further information on the DME


About the CME

CME Group is the world's leading and most diverse derivatives marketplace, handling 3 billion contracts worth approximately $1 quadrillion annually (on average). The company provides a marketplace for buyers and sellers, bringing together individuals, companies and institutions that need to manage risk or that want to profit by accepting risk.

Further information on the CME


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Further Information

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