DGCX Wins ‘EMEA Exchange of the Year’ at the FOW Global Investor Awards 2018
The Dubai Gold & Commodities Exchange (DGCX) has been named for the first time ‘EMEA Exchange of the Year’ at the Future & Options World (FOW) Global Investor Awards 2018 held in London. The exchange was carefully selected from a pool of international candidates based on its innovations in the derivatives industry, which have included new products, services and technology upgrades over the last 12 months.
Earlier this year, the exchange upgraded its integrated trading and clearing solution from Cinnober to the latest version of the TRADExpress platform. The purpose was to improve and enrich business development capabilities even further and to benefit from a more advanced trade and market data protocol, leading to enhanced efficiency in bandwidth usage. DGCX also successfully launched the world’s only and region’s first-ever exchange traded Shariah-compliant Spot Gold contract, which has been very well received by investors, both within the GCC and internationally too.
Les Male, CEO of DGCX, commented: “We are honoured to win this esteemed award and recognized for our strong performance over the last 12 months. I am truly appreciative of the hard work that our members, colleagues and partners show day in and day out, and their continuous drive to deliver excellence in the derivatives industry. This acknowledgement is a testament to that and DGCX’s continuous commitment to providing innovation and excellence to our investors and traders.”
The FOW Global Investor EMEA Exchange of the Year 2018 award marks DGCX’s second recognition in the last twelve months after being named for the second year in a row, ‘Exchange of the Year’, at the prestigious Global Investor MENA Awards 2018 held in Dubai in November.
Les concluded, “With 2019 on the horizon, building on this success by expanding our reach into different markets and broadening our product portfolio will remain a top priority.”
About DGCX: Established in 2005, DGCX is the region’s leading derivatives exchange and the only one allowing global participants to trade, clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives and financial infrastructure. DGCX is an electronic commodity and currency derivatives exchange with over 175 members from across the globe, offering futures and options contracts covering the precious metals, energy, equities and currency sectors. DGCX is a subsidiary of DMCC (Dubai Multi Commodities Centre), a Dubai Government Authority for trade, enterprise and commodities. For more information: www.dgcx.ae
DGCX also owns and operates the region’s largest and only multi-asset Clearing House – Dubai Commodities Clearing Corporation (DCCC). DCCC is federally regulated by the Securities & Commodities Authority (SCA) and is recognized as a Third-Country CCP by European Securities Markets Authority (ESMA) with over 80 clearers from across the globe. For more information: www.dccc.co.ae
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