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Gold May 04, 2021 02:05:03 PM

DGCX Announced New Alliance with Israel Securities Authority

Paul Ploumis
ScrapMonster Author
The permit will allow DGCX to serve market participants and investors based in Israel.

DGCX Announced New Alliance with Israel Securities Authority

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) announced that it has received a permit from the Israel Securities Authority (ISA). The permit will allow DGCX to serve market participants and investors based in Israel.

According to DGCX press release, the tie-up will further enhance the exchange’s role as the leading exchange in the entire Middle East region for trading of derivatives. This will help qualified Israeli corporations to become members of the DGCX and to use its trading services and platforms, thus providing access to its wide range of contracts covering precious metals, energy, equities and currency sectors.

Commenting on the deal, Les Male, CEO, DGCX noted that the opening up of markets between the UAE and Israel and the strengthening of ties between the two countries marks an incredible moment in the exchange’s history. The exchange is delighted to welcome Israeli investors and market participants. DGCX will continue to expand internationally by providing investors and market participants with truly innovative and highly valuable products, he added.

The trade and business opportunities between the two countries improved further to signing of the joint peace treaty in August last year.

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