DGCX Approves ZagTrader as an Independent Software Vendor

Press release
Published February 13th, 2018 - 09:48 GMT
The DGCX market will be available to all of its existing clients with full access to all of its new features, adding to its growing list of empaneled Exchanges in the UAE.
The DGCX market will be available to all of its existing clients with full access to all of its new features, adding to its growing list of empaneled Exchanges in the UAE.

Dubai Gold & Commodities Exchange (DGCX), the region’s largest and most diversified derivatives bourse, has formally announced today its newest approved Independent Software Vendor (ISV) – ZagTrader.

ZagTrader, a Dubai-based technology company specializing in Banking and Capital Markets solutions, has always been at the forefront of the industry in its commitment to offering cutting edge technology and new venues to enhance its platform. The ZagTrader platform is an integrated end-to-end platform for asset, wealth and portfolio management systems with automated workflows, real-time accounting and NAV generated in real-time coupled with enhanced drill down reporting covering Front - Middle - Back Office functionalities. This gives ZagTrader’s clients access to over USD 1.5 billion in daily liquidity across four product suites and over forty-five (45) products.

As part of the ZagTrader's services, the DGCX market will be available to all of its existing clients with full access to all of its new features, adding to its growing list of empaneled Exchanges in the UAE, including NASDAQ Dubai, Dubai Financial Market (DFM), and Abu Dhabi Securities Exchange (ADX). As well as many other exchanges worldwide offering the capability to trade on various instruments such as Futures, Equities, CFD’s, ETF’s, Options, funds, and  new Crypto digital assets.

Gaurang Desai, Chief Executive Officer at the DGCX said: “With ZagTrader joining our list of ISVs, we will be able to further expand our footprint within the UAE and the wider GCC region. This will not only add an exciting layer of option for ZagTrader customers, but also ensure that the ecosystem within the GCC becomes more close-knit. We are confident that this development will enable more regional players to access DGCX products and trade on the region’s largest derivatives bourse.”

Shihab Khalil, Founder and CEO said “We at ZagTrader are always on the lookout to grow our products portfolio and introduce new innovative products. Empowering and enriching ZagTrader with the largest derivatives exchange in the region will generate new and diversified markets for our clients, providing them with more flexibility in the products we offer.

ZagTrader manages the entire lifecycle from portfolio and order management through to trade execution, market making, as well as position and risk management through to securities processing, clearing and settlement for equities, fixed income, FX, commodities, interest rates, credit and structured products (listed and OTC derivatives).

Background Information

Dubai Gold & Commodities Exchange

Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.


توقيف 41 شخصا في مظاهرات الجزائر

Published February 23rd, 2019 - 09:07 GMT
توقيف 41 شخصا في مظاهرات الجزائر
توقيف 41 شخصا في مظاهرات الجزائر

أعلنت المديرية العامة للأمن الوطني (الشرطة) الجزائرية، مساء الجمعة، توقيف 41 شخصا في مظاهرات شهدتها عدة مدن ضد ترشح الرئيس عبد العزيز بوتفليقة لولاية خامسة في انتخابات 18 أبريل/ نيسان القادم.

وأكدت إدارة الشرطة في بيان اطلعت عليه وكالة الاناضول أن عمليات التوقيف كانت بسبب “الإخلال بالنظام العام والاعتداء على القوة العامة وتحطيم الممتلكات” دون تقديم تفاصيل أكثر حول أماكن توقيف هؤلاء المتظاهرين.

والجمعة، استجاب آلاف المواطنين بعدة محافظات جزائرية، إلى دعوات للتظاهر تم تداولها عبر شبكات التواصل، ضد ترشح بوتفليقة (81 عاما) لولاية خامسة في انتخابات الرئاسة المقررة في 18 أبريل/ نيسان القادم.

واتسمت هذه المظاهرات بالسلمية في أغلب مناطق البلاد باستثناء حدوث مواجهات بين قوات مكافحة الشغب ومتظاهرين بوسط العاصمة خلال محاولتهم السير نحو القصر الرئاسي .

ووفق شهود عيان لجأت قوات الأمن إلى الغاز المسيل للدموع وتوقيف عدة أشخاص بعد تحذيرات للمتظاهرين وتعرضها للرشق بمقذوفات وحجارة قبل أن يتراجع المحتجون ويغادروا المكان.

وصبيحة اليوم نشر ناشطون معلومات عبر شبكات التواصل الاجتماعي حول توقيف عدد من زملائهم قبل بداية المظاهرات بالعاصمة.

وعلقت الرابطة الجزائرية للدفاع عن حقوق الإنسان (مستقلة) على بيان الشرطة بالمطالبة ب”الإفراج الفوري عن الموقوفين وان يتم احترام حق التظاهر سلميا” كما نشرت على صفحتها بموقع “فيسبوك”.


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