* Six new swaps and options contracts linked to Oman

* Trading to start in early December

(Recasts first paragraph and adds fourth to make clear the
contract will be launched by the CME Group, not DME)

(Adds details, background)

DUBAI, Nov 25 (Reuters) – The Dubai Mercantile Exchange
(DME) said on Thursday six new swaps and options contracts
linked to its benchmark Oman crude OQc1 would be listed on
Dec. 5.
The exchange launched the Oman contract in 2007, aiming for
it to become the marker for the 12 million barrels per day of
crude that move from the Middle East to Asia.

“The contracts, which will be listed for trading on Sunday,
December 5, 2010 for trade date Monday, December 6, 2010, are
subject to the rules and regulations of NYMEX and Chicago
Mercantile Exchange Inc,” DME said in a statement.

It said the new contracts would be launched by CME Group Inc
(CME.O: Quote), the world’s biggest futures exchange operator and a
shareholder in DME.

Trading of futures on the DME has increased since the
contract was introduced in 2007 but it is still only a third of
the 10,000 contracts per day the exchange has pegged as the
level for commercial success. [ID:nSGE69I074]

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