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Dubai Gold and Commodities Exchange (DGCX) emerged as a big winner at the Futures & Options World International Awards held this week, picking up two major industry awards. DGCX was named the “Exchange of the Year 2013” in the Middle East and Africa and its EOS trader platform was recognized as the “Best Technology Innovation by an Exchange” in Asia, Australasia, Middle East and Africa.
This is the second time in two months that DGCX has been recognised by FOW for its growth and innovation. DGCX was also named “Emerging Exchange of the Year” at the FOW Asia awards, held in Singapore in September 2013.
Gary Anderson, Chief Executive Officer, DGCX, said, “We are delighted to receive these prestigious global accolades from FOW, which reflect not only the remarkable growth DGCX has witnessed, but also the unique products, superior technology and strategic initiatives we introduced to support the trading needs of the region. 2013 has been one of the most fruitful years for the Exchange with us diversifying our product mix by listing Sensex Futures and launching an advanced technology infrastructure to meet the sophisticated trading requirements of our members.”
DGCX’s product portfolio covers a diverse range of indices, energy, precious metals, base metals and currencies. These include the world’s first Indian Rupee as well as the first Copper and Sensex futures contracts in the Middle East. The Exchange is also expected to launch its plastics futures contract early next year – which will be the first ever plastics contract to be listed in the MENA region.
DGCX’s Year-To-Date volumes grew 51% from last year, trading over 12.9 million contracts so far in 2013.
