General Info
The DGCX, the world’s newest online commodities derivatives exchange, commenced trading on 22nd November 2005. It is the first international commodities derivatives market in the Middle East region. As a truly international commodities derivatives exchange, DGCX offers a range of commodities, commencing with gold futures, with electronic trading accessible from anywhere in the world.
DGCX is a technology driven, demutual organisation committed to provide a world-class trading platform for a wide array of commodities and to implement the best global practices, with the highest level of transparency.
Key Features
DGCX offers a number of important advantages to the investment community and to participants in physical commodity markets who need to manage price exposures. These advantages include:
A fully electronic exchange
Trading possible from anywhere in the world
Extended trading hours from 08:30 am – 11:30 pm (GMT +4)
Trading hours to overlap with markets in the Far East, Europe and US
Trading hours to overlap with markets in the Far East, Europe and US
US Dollar denominated contracts
Futures and Options trading on a range of commodities
Robust risk management and surveillance systems
Settlement guarantee provided by Dubai Commodities Clearing Corporation (DCCC), a subsidiary 100% owned by DGCX
Dubai's Strategic location as a global trading hub
Technologies
The Dubai Gold and Commodities Exchange (DGCX) is a fully automated, screen-based, online commodities exchange scheduled to start live operations in November 2005. Strategically located in Dubai, the exchange is the first international commodities derivatives marketplace in the time zone between Europe and the Far East.
DGCX is a global exchange and its network infrastructure supports access through diverse means such as ISDN Lines, Leased Lines, Internet and VPN Connectivity.
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