DGCX Forays Into New Joint Venture Partnerships
The exchange has signed a memorandum of understanding (MoU) with FXCM Group, LLC which in turn will result in launching of new and innovative FX products on the DGCX.
SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) announced several key partnerships, aimed at expanding its international presence and widening of its existing portfolio through technological upgrades.
According to latest news, the exchange has signed a memorandum of understanding (MoU) with FXCM Group, LLC which in turn will result in launching of new and innovative FX products on the DGCX. The MoU was signed between Les Male, CEO of DGCX and Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales at the FXCM Group headquarters in London on Monday, December 17th.
Earlier during the month, DGCX had announced its decision to collaborate with IBMC Financial Professionals Group (IBMC) to jointly hold the first UAE Africa Gold Convention on 8 January 2019. The one-day event, aimed at connecting business communities within the UAE and Africa, is expected to cover all major gold-related activities including imports, refining, mining, storage vaults, regulator policies and retail trading.
The DGCX had recently won several prestigious awards including the ‘EMEA Exchange of the Year’ award and the Global Investor ‘Exchange of the Year’ award, outshining other exchanges across the world, not only in terms of diversity of traded contracts, but also in terms of record trading volumes. The exchange trading volumes had spiked up to hit new record in September this year.