Fastmarkets, a leading cross-commodity price-reporting agency, is excited to announce our strategic partnership with Gulf Mercantile Exchange Limited (GME). Fastmarkets and GME have agreed a Memorandum of Understanding (MOU) to explore a strategic partnership aimed at enhancing risk management tools for the regional commodities market.
This collaboration will focus on critical commodities and aims to advance commodity risk management, market transparency and educational initiatives.
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The GME and Fastmarkets will explore collaboration across areas including new commodity derivatives, indices and hedging instruments tailored to meet the needs of regional markets. Additionally, the collaboration will focus on promoting education and fostering industry dialogue by organizing and co-hosting networking events, seminars and workshops on commodity trading, risk management and pricing strategies.
The region is expanding rapidly due to increased investment in infrastructure and diversification of the economy, positioning Fastmarkets as the trusted provider to deliver the essential tools and insights needed to navigate this growth effectively.
“We are excited to partner with Fastmarkets to bring innovative solutions to the regional commodities market,” chairman of GME Ahmad Sharaf said.
Fastmarkets is at the forefront of innovation, consistently delivering comprehensive solutions that address the evolving needs of the commodities industry, ensuring customers have reliable data and tools for informed decision-making. Through its commitment to regional support, Fastmarkets is driving growth and expansion, fostering a resilient commodities market that meets local demand and opens up new avenues for economic development and trade.
Raju Daswani, CEO of Fastmarkets, added: “This partnership represents a significant step forward in supporting the growth and development of the regional commodities market. We look forward to working together to achieve our shared goals and deliver value to our stakeholders.”
Fastmarkets’ expertise in delivering reliable data and comprehensive solutions complements GME’s mission to foster growth and resilience in the regional commodities market. Together, this partnership aims to unlock new opportunities for economic development and trade, addressing the region’s increasing demand for innovative financial solutions.
About Fastmarkets
Founded in 1882, Fastmarkets is the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining, and energy transition markets. Its price data, forecasts, and market analyses give customers a strategic advantage in complex, volatile, often opaque markets.
About Gulf Mercantile Exchange (GME)
Gulf Mercantile Exchange (GME) is a leading energy and commodities exchange in the Middle East. Headquartered in Dubai and regulated by the Dubai Financial Service Authority is the home of the largest physically delivered Crude Oil futures contract in the world.
Previously known as Dubai Mercantile Exchange (DME), a leading energy-focused commodities exchange, rebranded to GME, after an investment from the Saudi Tadawul Group in 2024, to push its focus on creating cross-asset Commodity markets for the Kingdom of Saudi Arabia and the rest of the GCC.
