CQG rolls out connection to Dubai Mercantile Exchange for energy traders

Denver, CO - 13 March 2007

CQG is the first independent software vendor to complete FIX certification for the Dubai Mercantile Exchange Limited (DME) and is the only vendor currently qualified to route orders to the DME, the Middle East’s first energy futures exchange, which is located within the Dubai International Financial Centre (DIFC). CQG will begin connecting traders to the DME when the exchange launches on May 1, 2007.

The new connection will provide CQG customers with market data and order routing access for DME products. The DME will offer price transparency and market liquidity for Middle East sour crude oil from the world’s foremost oil producing and exporting region. Upon its debut, the DME will list the physically deliverable Oman Crude Oil Futures Contract, and two financially settled futures contracts, the Brent-Oman Spread, and the WTI-Oman Spread.

Traders can place orders using CQG Integrated Client and CQG Trader and can use a new API to bring CQG data and functionality into their own applications.
Connectivity to the DME complements CQG’s energy product offering for traders. The move builds upon CQG’s recent success in providing access to electronic energy markets in New York.

“We are pleased to support the rollout of the DME’s exciting new Oman Crude Oil Futures Contract and other energy products to be offered by the Exchange. As the energy markets move rapidly to electronic trading, many traders have realized that the combined value of CQG’s world class analytics and high performance order routing gateways gives them an edge,” said Josef Schroeter, CQG’s president. “CQG is proud to be the first vendor to complete certification for the DME direct platform.”

Gary King, Chief Executive of the DME, said: “We are delighted that CQG is the first ISV to complete certification to our match engine, DME Direct, and will provide their customers access to the DME’s markets. CQG has a broad client base and has written to a growing roster of Exchanges and we are proud to be associated with them. This is an exciting time at the DME as we approach our launch. Strong progress continues to made on every front and we look forward to a successful launch on 1 May 2007.”

The DME is the newest exchange on CQG’s growing list of tradeable markets. Customers already have access to energy products from exchanges worldwide, including CBOT, CME/Globex, NYMEX, and NYBOT/ICE.

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