Dubai Gold & Commodities Exchange
Dubai Gold and Commodities Exchange (DGCX) has been named the ‘Best Global Commodities Exchange’ by the Global Banking & Finance Review. The award recognises DGCX’s exceptional trade volume expansion and product innovation during the last year. Theannual Global Banking and Finance Review Awards recognise achievement, challenge, progress and inspirational change in the global financial industry.
Gary Anderson, Chief Executive Officer, DGCX, said, “We are delighted to receive this prestigious global recognition, which reflects not only the remarkable growth DGCX has witnessed, but also the unique products and strategic initiatives we introduced to support the trading needs of the region. We are encouraged by this Award as we embark on a new drive to further enhance opportunities in commodity and currency derivatives trading in the region.”
“Coming at a time when there is increasing interest from global futures clearing merchants, global banks and regional financial services firms to participate in the exchange, the award reaffirms DGCX’s growing profile regionally and internationally as an exchange that provides the right investment tools, in the right place at the right time,” Anderson added.
This is the second recognition that DGCX has received in the last three months. The Exchange was also named the ‘Best Middle East Forex Exchange 2012’ at the 7th Jordan Forex Expo & Awards (JFEX), held in Jordan, in May. The JFEX Awards identify examples of creativity, imagination and innovation within the financial services industry, particularly in forex.
DGCX’s product portfolio covers a diverse range of energy, precious metal, base metal and currencies. These include the world’s first Indian Rupee and Steel Rebar futures contracts, as well as the first WTI, Brent Oil, and Copper futures contracts in the Middle East.