Nasdaq and Dubai Gold & Commodities Exchange Sign Landmark Technology Agreement
The marketplace solutions, delivered via the Nasdaq Financial Framework, include multi-asset trading and real time clearing capabilities, pre-trade risk management, as well as market intelligence, market surveillance and quality assurance applications required to safeguard the integrity of the market. Nasdaq’s real-time clearing solution will provide DGCX with high-velocity multi-asset class clearing, settlement and risk management capabilities. These are designed for secure, efficient and reliable operations and will allow DGCX to offer full clearing capabilities to external marketplaces, both regionally and globally.
“We are pleased to be partnering with Nasdaq in the next stage of the development of DGCX, with their highly-renowned suite of technology solutions that will enable us to provide our Members and their clients with ever-increasing levels of service performance,” said
“By adopting Nasdaq’s suite of scalable and robust technology, DGCX can further execute on its strategy and vision to evolve its marketplace for investors in the
As a subsidiary of Dubai Multi Commodities Centre, DGCX is the leading commodities derivatives exchange in the
Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.
About Dubai Gold & Commodities Exchange
Dubai Gold & Commodities Exchange (DGCX) was 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 148 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
DGCX also owns and operates the region’s largest and only multi-asset Clearing House –
Mobile: +1 646 648 3887
Mobile: +46 (0)73 449 66 83
Dubai Gold & Commodities Exchange
Weber Shandwick PR
Tel: +971 (0) 4 445 4222