Dubai Gold and Commodities Exchange (DGCX) has announced that JPMorgan has been approved as a Broker Clearing Member of DGCX. This announcement follows the news that the DGCX has just completed another record trading week in which over 36,000 contracts were traded at a notional value of over one and half billion dollars
JPMorgan is one of the most dynamic market leaders in the futures and options brokerage business and has been providing research, sales, execution and clearing services across asset classes for over 25 years. Clients benefit from clearing services available on over 65 global exchanges and electronic trading access to over 35 global exchanges.
DGCX Chairman, Colin Griffith, said, “This is another endorsement of our success to date, and demonstrates the potential of the DGCX to have an institution of the stature of JPMorgan join as a full Broker Clearing Member. With the exchange continuing to trade at record levels and with more exciting contracts in the pipeline such as the world’s first Indian Rupee FX contract and a Steel contract, the trading community is very much focused on Dubai and the DGCX. With JPMorgan on board and committed to the DGCX we can only see our influence and importance increase.”
Jerome Kemp, global co-head of JPMorgan's Futures & Options business said "We are delighted to have joined the DGCX as a Broker Clearing Member. Membership of the exchange offers our clients exciting opportunities in the commodity derivatives market and is another major step forward in the continued expansion of our commodities business."
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