CQG Rolls Out Connection to Dubai Mercantile Exchange for Energy Traders

CQG Rolls Out Connection to Dubai Mercantile Exchange for Energy Traders

March 14, 2007

    DENVER, March 14 /Xinhua-PRNewswire/ -- 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.  For a complete list of
exchanges available for trading with CQG, visit
http://www.cqg.com/trade .

    DME's establishment of an exchange inside the Dubai
International Finance Centre (DIFC) is subject to
regulatory approval from the Dubai Financial Services
Authority (DFSA) to be licensed as an Authorized Market
Institution to operate as an exchange inside the DIFC. 
Furthermore, all clearing and settlement services to be
provided by NYMEX to DME are subject to NYMEX becoming
recognized by the DFSA to operate a remote clearinghouse in
the DIFC and subject to the review and/or approval of the
Commodity Futures Trading Commission.  Until the above
regulatory approvals have been granted, no trading on the
DME will be permitted and no person will be admitted as a
member of the DME.

    About CQG

    CQG, Inc. is the industry's highest-performing, most
cost-effective solution to integrate market data, technical
analysis and order routing.  CQG's data coverage includes
futures, options, fixed income, foreign exchange, and
equities worldwide, as well as debt securities, reports and
indices.  CQG is headquartered in Denver, Colorado, with
sales and support offices worldwide.  For more information
on CQG, please call 1-800-525-7082.  From outside the US
and Canada, visit http://www.cqg.com for contact
information.

    About the Dubai Mercantile Exchange

    The Dubai Mercantile Exchange Limited (DME), a joint
venture between the New York Mercantile Exchange, Inc.
(NYMEX) and Tatweer, aims to become the premier commodity
and energy futures exchange in the Middle East, providing a
financially secure, well-regulated and transparent trading
environment.

    The Exchange will initially develop and trade an Oman
Crude Oil Futures Contract.  This will address a growing
market need for price discovery of Middle East Sour Crude
Oil while simultaneously bridging the time zone gap between
Europe and Asia by providing for the trading of energy
futures, options and other products.

    The DME will be a fully electronic exchange.  However,
in a unique concept, it will also bring together a
community of traders that will operate from trading hubs
and individual trading stations on the Exchange's floor,
which will be located within the Dubai International
Financial Centre (DIFC), the region's leading financial
services centre.

    The DME will be regulated by the Dubai Financial
Services Authority (DFSA), a world class, independent
regulator, and all trades executed on the Exchange will be
cleared through, and guaranteed by, NYMEX's AA+ rated
clearinghouse.

    This press release is also available at
http://www.cqg.com/press .


    For more information, please contact:

     Holly Shellner, Communications Manager
     CQG, Inc. 
     Tel:   [phone]
     Email: [e-mail]