Thomson Reuters Eikon customers are now granted access to the Dubai Mercantile Exchange (DME), following the integration between the two entities, designed to facilitate greater exposure to futures and commodities trading in the Middle East.
Thomson Reuters Eikon service has already received a number of modifications and add-ons earlier this year to fortify the overall platform. The platform itself offers clients and users access to a pantheon of asset classes, including Forex, commodities, derivatives, equities and fixed income, among others. Furthermore, as recently as last week, Thomson Reuters’ Forex Head, James Watson, departed the group.
According to Christopher Fix, Chief Executive Officer of DME, in a recent statement on the integration, “This is an exciting development for DME and comes at a time when the Exchange is in a very strong growth phase. Trading activity in our flagship contract, DME Oman, has never been higher and so the ability to access DME through Thomson Reuters Eikon will be a popular development for our growing customer base.”
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Thomson Reuters’ Customer Access Swells with Integration
Indeed, DME customers now have the added benefit of streamlined access and integration with the CME Direct’s execution platform, via Thomson Reuters. The partnership will clearly extend the capabilities of existing users, namely in their exposure to the DME and Middle Eastern markets – these include access to the DME’s benchmark Oman crude oil futures contracts.
“Market participants are increasingly looking for a straightforward way to analyze and trade energy products, particularly given the regulatory drive towards exchange trading. By offering our customers access to the growing liquidity on DME Oman alongside the news and analytics services in Eikon, we’re continuing our efforts to provide our customers with the tools they need to develop and execute their trading strategies seamlessly and efficiently,” added Nadim Najjar, Managing Director, Thomson Reuters, in an accompanying statement.