Dubai exchanges set for further growth
May 10, 2018

The Dubai Gold & Commodities Exchange (DGCX) reports that it and its 100 percent fully owned subsidiary the Dubai Commodities Clearing Corporation (DCCC), have upgraded their integrated trading and clearing solution from Cinnober to the latest version of the TRADExpress platform. The purpose was to enhance and speed up business development capabilities even further, and to benefit from a more refined trade and market data protocol, leading to improved bandwidth usage. As the new version went live, DGCX launched the region's first, and world's only exchange-traded Shari'ah-Compliant Spot Gold contract (DGSG).

The DGCX says that having received recognition from ESMA and ADGM in 2017 it is now ready to connect third-party marketplaces to its Clearing House, the DCCC, opening up for further expansion. 

"With this upgrade we're benefiting from cutting-edge exchange and clearing technology and preparing for further growth," says Les Male, Chief Executive Officer of DGCX. "The launch was smooth, operations have been enhanced, and we've seen great results for member accessiblity and connectivity, as well as highly encouraging feedback."

The DGCX says that bandwidth usage has been reduced by an average of 45 percent with the upgrade, giving its members easier, more reliable, and cheaper access to the market.





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The Dubai Gold & Commodities Exchange (DGCX) reports that it and its 100 percent fully owned subsidiary the Dubai Commodities Clearing Corporation (DCCC), have upgraded their integrated trading and clearing solution from Cinnober to the latest version of the TRADExpress platform. The purpose was to enhance and speed up business development capabilities even further, and to benefit from a more refined trade and market data protocol, leading to improved bandwidth usage. As the new version went live, DGCX launched the region's first, and world's only exchange-traded Shari'ah-Compliant Spot Gold contract (DGSG).

The DGCX says that having received recognition from ESMA and ADGM in 2017 it is now ready to connect third-party marketplaces to its Clearing House, the DCCC, opening up for further expansion. 

"With this upgrade we're benefiting from cutting-edge exchange and clearing technology and preparing for further growth," says Les Male, Chief Executive Officer of DGCX. "The launch was smooth, operations have been enhanced, and we've seen great results for member accessiblity and connectivity, as well as highly encouraging feedback."

The DGCX says that bandwidth usage has been reduced by an average of 45 percent with the upgrade, giving its members easier, more reliable, and cheaper access to the market.



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