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.