DGCX Expanded Access to its Services Across the UAE

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) announced that it has been able to achieve expansion of access to its services across the UAE. This follows the clearance from the Securities and Commodities Authority (SCA) to Abu Dhabi-based brokerage firm Aarna Capital Limited to serve as a General Clearing Member of the exchange.

Further to this clearance, Aarna Capital Limited will now be able to provide trade execution and clearing services for all products offered by the DGCX. In addition, it will also offer clearing services to other DGCX trading members. It is the first Abu Dhabi Global Market (ADGM) company to become a General Clearing Member.

ALSO READ:

Dubai Gold and Commodities Exchange Posted Robust Trade

DGCX Signed MoU to Expand Footprints in African Gold Market

Commenting on the development, Les Male, CEO, DGCX said that the milestone certification provides all customers of Aarna Capital to have direct access to the Exchange’s wide range of products and services offered through a robust, fully regulated and secure platform.

Dima Nedvetsky, Senior Executive Officer, Aarna noted that the company is proud to be the first general clearing broker of DGCX at ADGM. The partnership will strengthen Aarna’s position on the market and underline its commitment to the development of financial markets in the UAE, he added.