DGCX Partnered with Top Precious Metals Solutions Firm

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) announced that it has signed a new agreement with FinMet Pte Ltd- a leading precious metals solutions firm. The agreement is part of the exchange’s plans to launch new gold products into its existing precious metals products range.

The agreement, valid for a period of five years, was signed between Ahmed Bin Sulayem, CEO, DGCX and Pramod Mohan, Managing Director, FinMet.

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FinMet, in collaboration with DGCX, will identify new opportunities across global markets. It will provide all necessary support to the exchange in presenting the product structure to onboard banks and new members. Apart from new product launches, the collaboration will also focus on educating market participants and raising awareness of new DGCX gold trading products, including Physical Gold Futures and Spot Gold Contracts, which the exchange plans to launch in the month of September.

The DGCX noted that the collaboration would lead to creation of new opportunities to build stronger inroads into global markets that will offer enormous potential and liquidity to traders. The rich expertise of FinMet will equip DGCX to add incredible value to gold bullion markets, said Ahmed Bin Sulayem.

Meantime, FinMet said that it is excited to be a catalyst in the development of the bullion market in the UAE.