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Business » DGCX



DGCX

DMCC increases its stake in DGCX to 51% DGCX is an electronic futures and options exchange which utilizes trading, clearing and settlement technology developed by FT Group.



Fifth annual Dubai City of Gold conference opens to optimistic projections The 5th annual Dubai City of Gold Conference (DCGC) has opened at Dubai’s Park Hyatt hotel.



JPMorgan joins DGCX as broker clearing member Dubai Gold and Commodities Exchange (DGCX) has announced that JPMorgan has been approved as a Broker Clearing Member of DGCX.



DGCX unveils details of 1st Steel Futures contract Rebar Futures will be the world’s first internationally accessible exchange-traded instrument that provides coverage of physical steel. Globally steel is a 1.2 billion metric tonne physical marketplace.



DGCX announces further details of plastics futures contracts The launch is seen as key to meeting the demand for an efficient and transparent pricing system specific to the plastics sector in the Middle East, and will highlight the GCC’s central role in the global plastics and petrochemical industry.



Trade between India and UAE sees phenomenal growth, says DGCX chairman India exported US$ 8.6 bn worth of goods to the UAE in 2006, while the UAE exported US$ 4.3 bn worth of goods to India



Barrick Gold Corporation Approved as DGCX Member The Dubai Gold and Commodities Exchange (DGCX) today announced the listing of Barrick Gold Corporation, a leading international gold mining company, as its latest member.



DGCX Steel Rebar Futures Trading to Commence on October 29 Dubai Gold and Commodities Exchange (DGCX), the first international commodities derivatives exchange in the Middle East, today announced that its Dubai Domestic Rebar Steel Futures Contract will commence trading on October 29, 2007.



Malcolm Wall Morris Appointed CEO of DGCX Malcolm Wall Morris, has been appointed the new CEO of Dubai Gold and Commodities Exchange (DGCX), the Middle East’s first international commodity derivatives market.



DGCX Steel Rebar Futures Suitable as a Hedging Product for All Price-Correlated Steels Considering the enormous price fluctuations in the steel sector and the absence of a mechanism for hedging and arbitrage in the region for steel, the imminent launch of DGCX’s Steel Rebar Futures Contract will bring diverse benefits to steel producers



August 2007 – Market Activity Report Trading activity at DGCX witnessed a substantial jump of nearly 35% in the month of August as investors returned to the markets after the summer vacations.



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