Patsystems plc, the trading applications provider to the derivatives industry, has passed conformance testing for connectivity to Dubai Mercantile Exchange Limited (DME).
Patsystems will be able to provide access to the DME’s electronic trading platform, DME Direct, from May 1 on the DME’s first day of trading. The company’s exchange specific adapter (ESA) will be available for member testing toward the end of this month.
“We are delighted to announce the addition of the DME to Patsystems’ extensive global exchange coverage,” said Jon Regan, director of new business at Patsystems. “This additional connectivity is an endorsement of Patsystems’ commitment to global energy trading and the Gulf region, generally.”