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RTS Realtime Systems Group (RTS), a leading independent software vendor, announced that the firm is now offering access to the Dubai Gold & Commodities Exchange (DGCX). The move expands the RTS presence in the Middle East and further strengthens its leadership position in electronic trading software, with thousands of user connections to more than 85 exchanges and liquidity pools throughout the world.
DGCX was the first international commodities derivatives market in the Middle East region, initiating trading in November 2005. The electronic exchange lists futures on a range of products, including precious metals, currencies and fuel oil.
“RTS is very pleased to add the DGCX to our growing offering of Middle Eastern market access. In this region and elsewhere, we are uniquely positioned as the technology provider of choice for those seeking a powerful combination of high-speed fiber connectivity to multiple venues across the globe, full hosting services with true direct market access and versatile functionality,” said Steffen Gemuenden, Co-CEO of RTS.
“We look forward to welcoming RTS’ global customer base to our exchange, as the connectivity with the firm further expands our distribution and enhances the liquidity of our products,” said Mr. Colin Griffith, Chairman of DGCX. “Our markets bridge the time zone gap between Europe, Asia and North America, offering an attractive trading opportunity to customers across the globe.”
Gemuenden added: “Customers are increasingly turning to our comprehensive algorithmic trading capabilities through the RTD Tango software – particularly in the energy and commodity markets. Traders interested in statistical arbitrage and spread opportunities are taking advantage of RTD Tango’s fast programming and execution capabilities to give themselves a competitive edge.”
About RTS Realtime Systems Group:
RTS is a leading Independent Software Vendor (ISV) with offices in Amsterdam, Chicago, Frankfurt, London, New York, Singapore, Stockholm, Sydney, and distribution partners in Greece, India and Italy. Founded in 1992, RTS is a pioneer in the design and creation of high performance, functionally rich, multi-asset electronic trading software, with thousands of user connections to more than 85 exchanges and liquidity pools globally through its deployed trading screens and application programming interfaces (APIs). RTS’ software suite includes the RTS Realtime Trading Desktop with further add-on modules, the Java-based distributable front end eRTD, as well as the automated algorithmic trading platform RTD Tango, with its full back-testing capabilities. Through its data centers, the firm provides flexible and high-speed connectivity options, state-of-the-art IT infrastructure and professional application services provider (ASP) solutions – True DMA (True Direct Market Access). RTS’ client list includes many of the world’s leading banks, brokers, commodity trading advisors (CTAs), hedge funds, market makers, investment firms, day trading companies, introducing brokers, exchanges and other market participants. Please visit www.rtsgroup.net. For more information, please contact: globalsales@rtsgroup.net.
About DGCX:
The Dubai Gold and Commodities Exchange (DGCX) is a fully automated, online commodities exchange. It is strategically located in Dubai and the first in the critical time zone between the markets of Europe and the Far East. The DGCX’s majority stakeholder, is the Dubai Multi Commodities Centre (DMCC) – Government of Dubai (with 51% ownership), in association with Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). DGCX is a technology driven organization, providing a world-class trading platform for a wide array of commodities, with electronic trading accessible from anywhere in the world.t trades US $ denominated standardized futures contracts and options on futures contracts on a number of commodities including gold, silver, currency pairs and fuel oil with steel, plastics and pulses and grains soon to follow.
