Avelacom partners with Dubai Gold & Commodity Exchange to speed up trading and more LeapRate

October 11, 2016 BY Valentina Kirilova

Avelacom partners with Dubai Gold & Commodity Exchange to speed up trading and more

Avelacom, a global network service provider, has announced that has entered into a new partnership with Dubai Gold & Commodity Exchange (DGCX). The partnership expands options for financial services industry to speed up their trading and identify new arbitrage trading opportunities across key financial and commodity derivatives markets. Avelacom will provide DGCX members with added…

September 01, 2016 BY LeapRate Staff

Dubai’s DGCX sees highest year-to-date volumes in August, record $8 billion open interest

The Dubai Gold and Commodities Exchange (DGCX) ended the summer on a high note, with trading volumes in August as well as year-to-date results continuing to grow nicely. The vast majority of trading on the DGCX comprises Indian Rupee contracts, and Gold products. Highlights for August at DGCX include: highest Year-To-Date volumes since inception, growing…

August 03, 2016 BY Mike Fox

Gold, Pound and Rupee trading lead DGCX to record setting July

The Dubai Gold and Commodities Exchange (DGCX) reported volume metrics today for July with the exchange reported it has crossed over 11 million contracts this year already, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year (YoY) increase of 47%, driven largely by elevated trade volumes…

July 27, 2016 BY LeapRate Staff

Dubai's DGCX sets daily volume record at $3.6 billion

Trading volumes on the Dubai Gold & Commodities Exchange (DGCX) witnessed a new daily trading record on Tuesday July 26, leading the Exchange to record its highest ever daily volume of 176,645 contracts valued at USD $3.6 billion. The new daily volume record surpassed the previous high of 150,570 contracts registered on June 24, 2016…

June 13, 2016 BY LeapRate Staff

MetaQuotes reports 10 brokers offering MT5 for DGCX trading

One year after we reported that Abu Dhabi based investment bank and broker Menaсorp became the first DGCX member to offer the MetaTrader 5 (MT5) platform, MT5 developer MetaQuotes Software has announced that the number of brokers offering trading on the Dubai Gold and Commodities Exchange (DGCX) via MT5 has now increased to 10. The major players in the Middle East…

April 13, 2016 BY Maria Nikolova

DGCX signs MoU with Industrial and Commercial Bank of China

The Dubai Gold & Commodities Exchange (DGCX) today announced that it has inked a Memorandum of Understanding (MOU) with Industrial and Commercial Bank of China Limited (ICBC). The agreement paves way for both institutions to co-operate in the areas of product development and on the potential provision of banking services that are vital for supporting…

April 04, 2016 BY Mike Fox

Q1 volumes on the Dubai Gold & Commodities Exchange hit record, grow 37% YoY

Today we learned that first quarter volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 37% from the same period last year, trading more than 4.5 million contracts – the highest quarterly volumes in the history of the Exchange. DGCX also broke several records during Q1-2016. Average Daily Volumes (ADV) in the first quarter…

March 29, 2016 BY Maria Nikolova

Dubai Commodities Clearing Corporation expands scope of Collateral Basket

The Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) for the Dubai Gold & Commodities Exchange (DGCX), has just announced expansion of its Collateral Basket. Clearing members gain the ability to deposit cash collateral to the Corporation in the form of Euro, UK Pound and Japanese Yen, in addition to UAE Dirhams and U.S.…

March 15, 2016 BY Maria Nikolova

Bank of China becomes settlement bank for Dubai Commodities Clearing Corporation

Dubai Gold & Commodities Exchange (DGCX) has announced the appointment of Bank of China (BOC), as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC), a wholly owned subsidiary of DGCX. Bank of China is the first Chinese bank to be appointed as a Settlement bank for DCCC and would be operating through its Abu…

March 09, 2016 BY Maria Nikolova

DGCX partners with Stellar Trading Systems to enhance global connectivity

The Dubai Gold & Commodities Exchange (DGCX) today announces that multi-asset trading software and services specialist Stellar Trading Systems has become an approved Independent Software Vendor (ISV) on the Exchange. Stellar Trading Systems hosts its infrastructure at DGCX colocation facility to deliver its market making, low-latency order routing and algorithmic trading solutions to DGCX members.…

Tag: DGCX