UAE DIFC Alternate Crude Ecosystem


On Apr. 5, UAE DIFC reported platform to trade multiple crude grades.


  • UAE DIFC-based UAE DME introduced an alternative crude ecosystem (ACE) platform.
  • Bilateral trading platform to enable trading of multiple crude grades via the exchange.
  • Aligns with Dubai Plan 2021 objectives in making AUE a pivotal global financial hub.
  • ACE Platform
  • Reported that the ACE platform will be made available for all participants by UAE DME.
  • Opportunity to trade bilateral barrels of Dubai, Upper Zakum, Murban, Basrah Light, Basrah Heavy, Al Shaheen, and Oman vs. DME Oman Sour Crude Benchmark futures.
  • New functionality to allow Middle East crude participants a way to execute multiple over the counter (OTC) crude grades as differentials against UAE DME Oman futures.
  • Sheds light on growing importance, status of DME Oman as strong, reliable benchmark for Middle East, representing consistent fair value for sour crude barrels East of Suez.

Regulators UAE DIFC UAE DME
Entity Types B/D; Bank; IA; Ins; OTC
Reference PR, 4/5/2021;
Functions Compliance; Financial; Legal; Risk; Trading; Treasury
Countries United Arab Emirates
Products Commodities; Fund Mgt; Futures; Securities
Regions EMEA
Rule Type Guidance
Rule Date 4/5/2021
Effective Date 4/5/2021
Rule Id 102066
Linked to N/A
Reg. Last Update 4/5/2021
Report Section International

Last substantive update on 04/06/2021