SEATTLE (Scrap Monster): The Dubai Gold & Commodities Exchange (DGCX) has been awarded the prestigious ‘Exchange of the Year’ award at the FOW Global Investor MENA 2020. This is the third consecutive year that the exchange in the Middle East has been selected for the award.
The DGCX has been awarded the ‘Exchange of the Year- Middle East and Africa’, in recognition of its robust performance over the past twelve months. The exchange had touched new record in trading volumes and open interest for various products offered by it. Over the previous year, the exchange had clocked trading of nearly 20 million contracts, valued at more than $826 billion.
Commenting on the achievement, Les Male, CEO, DGCX said that the exchange is thrilled to receive the award for a third year running, especially at the time of celebrating fifteen years in operation. The exchange’s strategic focus will continue to remain on diversifying its product offerings to meet investors’ diverse needs and expand its membership base. Furthermore, it will continue to contribute to the development of the UAE’s Islamic finance sector, he added.
DGCX trades between $1.5 million and $4 billion contracts per day, across various asset classes.