DGCX Expands Global Presence with Trading Technologies
Dubai, March 07 2017 – The Dubai Gold & Commodities Exchange (DGCX) today announced that Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, has become an approved Independent Software Vendor (ISV) on the Exchange.
With DGCX access now available on the TT® trading platform, commodity and currency traders can utilize TT’s extensive and robust functionality, including the TT Mobile applications for iOS and Android devices, to chart and trade the full range of DGCX products. This link also gives TT’s global users access to the world’s largest exchange traded Indian Rupee liquidity pool.
Gaurang Desai, CEO of DGCX, commented, “Through our partnership with TT, market participants can now have access to TT’s fully integrated suite of high-performance trading tools and enhanced execution services. Additionally, TT’s ease of deployment, high-speed network and on-the-go access delivers greater value to our market participants. Our partnership with TT reaffirms our commitment to offer our Members access to the world’s leading trading technology solutions. The empanelment of Trading Technologies will greatly boost our presence in global markets and also enable us to provide more tailored solutions to our members across the globe.”
This new connection to DGCX provides TT’s current customers with access to the largest and most diversified derivatives marketplace in the Middle East, and the only exchange-traded Indian Rupee Options product offered outside of India.
“Our new link to DGCX advances TT’s continued growth in the Middle East and greatly expands our international trading community,” said Steve Stewart, Managing Director, EMEA, Trading Technologies. “This partnership further facilitates the distribution of TT to traders in the region, meeting their demands for sophisticated trading technology executed through a secure, reliable infrastructure.”, added Steve.
DGCX is the first exchange to go live in TT’s new London data center, which is located within Interxion’s data center campus. This new point of presence will provide TT users with regional resiliency, enhanced performance and easy access to exchanges, expanding horizons throughout Europe and the Middle East.
About DGCX: Established in 2005, DGCX is the region’s leading derivatives exchange and the only one allowing participants to clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives.
DGCX is a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required. It is an electronic commodity and currency derivatives exchange with 267 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors. For more information: www.dgcx.ae