Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
2006
17 April 2006 — DFSA Recognises NYMEX and COMEX
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Apr 17 2006 onwards

17 April 2006 — DFSA Recognises NYMEX and COMEX



The Dubai Financial Services Authority (DFSA) announced today that the New York Mercantile Exchange Inc. (NYMEX), and its subsidiary, Commodity Exchange Inc. (COMEX) have each been granted the status of Recognised Bodies within the Dubai International Financial Centre (DIFC).

David Knott, Chief Executive of the DFSA, said:

"This recognition will enable both NYMEX and COMEX to provide direct access to their commodities future markets in the United States by authorised customers operating within the DIFC."

"This is the first time that DFSA has granted such recognition to foreign exchanges. It is a further step in directly connecting Dubai with international markets under the umbrella of world class regulation. Our recent signing of Regulatory Protocols with NYMEX’s home regulator (the Commodity Futures Trading Commission of the United States) was a positive factor in granting this recognition" said Mr. Knott.