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Dubai trading volumes hit record after recapitalisation

Dubai Mercantile Exchange says recapitalisation initiative has brought in new investors as it enjoyed record trading volumes in February

Trading volumes on the Dubai Mercantile Exchange reached a new monthly record in February after activity was boosted by the exchange’s recapitalisation arrangement – which involved the Chicago Mercantile Exchange doubling its stake to 50%.

On February 20, Dubai Mercantile Exchange announced that it had restructured its equity shareholding. CME increased their share to 50%, Oman Investment Fund increased to 29%, a subsidiary of Dubai Holding will retain 9%.

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