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Gold December 11, 2020 06:30:07 AM

DGCX Appoints New Service Provider to Upgrade Its Technology Platform

Paul Ploumis
ScrapMonster Author
The service provider will provide the Exchange with quality testing on a number of marketplace solutions that will replace its current applications.

DGCX Appoints New Service Provider to Upgrade Its Technology Platform

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) announced that it has selected IT service management company Cigniti Technologies as its strategic quality assurance service provider. The new partnership will upgrade the exchange’s technology platform.

The service provider will provide the Exchange with quality testing on a number of marketplace solutions that will replace its current applications. The testing will cover various activities of the exchange include real-time trading and clearing, pre-trade risk management, market intelligence, surveillance and quality assurance. The functional and non-functional testing strategy of Cigniti is likely to save overall time and effort spent on testing by the exchange.

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Les Male, CEO, DGCX Group said that the new partnership demonstrates the exchange’s efforts to maintain operational excellence through innovative digital solutions. The testing will provide an improved user experience for its members, Male noted.

Meantime, Srikant Chakkilam, CEO, Cigniti Technologies noted that the association with the region’s largest commodity derivatives exchange would further strengthen its position in the financial services market. The end-to-end testing of digital applications will deliver better performance and user experience, he added.

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