1. Christopher Fix Invest in Iraq Stock Exchange conference
Session III: Enhancing the Level of Cooperation among Arab and International Stock Exchanges
Christopher Fix
Chief Executive Officer
DME

2. The role of exchanges in developing regional financial hubs
Invest in Iraq Stock Exchange Conference
By Christopher Fix, CEO, DME
Ritz Carlton Dubai, May 2014

3. DME is the world’s third physical oil exchange
Paper contract
Physically settled contract
Reasons for setting up DME:
Legacy sour crude benchmark shrinking physical base – producers and Asian consumers looking for replacement
Asia commoditizing and opportunity exists to capture Asian business
Transfer know-how and establish regional trading ecosystem
Founded: 1898
Oil contract: West-Texas Intermediate (launched 1982)
Founded: 2000
Oil contract: Brent (launched 1986)
Founded: 2006
Oil contract: DME Oman (launched 2007)

4. Our partners bring know-how, capital and commitment to the development of the region
Shareholder structure

5. Exchanges are at the heart of modern economies
Sellers
Investor relations
Brokers
Trade finance
Financial institutions
Regulators
Physical infrastructure
Media
Exchanges create high-value jobs in related industries

6. No exchange is an island – investors trade across multiple platforms1
Exchanges should adopt complementary technology – DME uses CME’s Globex system 2
Exchanges should seek margin efficiencies for customers – DME makes use of CME Clearing 3
Exchanges should share best practice – DME is working on a number of MOUs 4
Exchanges need to embrace international best practice but not neglect regional roots 5
Exchanges that are interlinked will always outperform isolated exchanges

7. About the DME
Our flagship contract – DME Oman – has seen volumes growth consistently since launch
Average Daily Volume, contracts (2007 –20141)
Annual
+32%
2007
2008
2009
2010
2011
2012
2013
2014
1 Includes data up 29th April, 2014

8. Copyright DME ® 2013