Following an approval from the Securities and Commodities Authority (SCA), Abu Dhabi-based multi-asset regulated brokerage firm, Aarna Capital Limited (“Aarna”), has become a General Clearing Member of the Dubai Gold and Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the Middle East.
As a General Clearing Member, Aarna is able to provide all its customers with trade execution and clearing services for those products offered by the DGCX, as well as providing clearing services to other DGCX trading members. Aarna also becomes the first Abu Dhabi Global Market (ADGM) company to be a General Clearing Member.
Les Male, CEO of DGCX, said: “This move comes at an important time for DGCX, as we continue to expand access to our services across the region. With this milestone, Aarna Capital’s customers will now have direct access to our products and services – which forms part of our wider effort to expand our presence across the UAE and the wider region. We are proud of this milestone for DGCX and Aarna and look forward to offering more market participants with access to our wide range of products on a robust, fully regulated and secure platform.”
Dima Nedvetsky, Senior Executive Officer, Aarna: “We are extremely proud to be the first general clearing broker of Dubai Gold and Commodities Exchange (DGCX) at Abu Dhabi Global Markets (ADGM) offering services to customers from ADGM. Aarna is looking to add its extensive global markets expertise to complement DGCX efforts in developing new and exciting new services. The solution allows us to enhance the product offering to our clients, strengthen Aarna’s position on the market and underline our commitment to the development of financial markets in UAE.”
