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Dubai Gold & Commodities Exchange (DGCX) is hosting a series of professional training workshops, aimed at helping individuals better understand the trading and price risk management benefits of derivatives.
The ‘DGCX Commodities & Currency Futures’ workshops, to be held in Dubai, will feature courses by Simon Hart and Bill Beagles of K2 London, leading consultants specialising in derivatives. Hart and Beagles undertake derivatives training programmes for Exchanges and financial institutions across the world, including India, UK and Europe. Commencing on 13 May, the workshops will run in May and June, offering clients and private investors a valuable opportunity to understand and start trading derivatives.
Economic uncertainty, market volatility and currency fluctuations have encouraged participants to diversify their portfolios and hedge price risk by using derivatives, said Malcolm Wall Morris, Chief Executive Officer (CEO), DGCX. While doing so, they are increasingly looking at minimising counterparty credit risk by transacting business on a well-regulated and secure environment such as DGCX.
“The Exchange has witnessed immense response this year from new participants, who have identified commodity and currency futures as an attractive alternative investment strategy to traditional asset classes,” he added.
The workshops are part of a long-term program to step up awareness about derivatives in the region and to introduce local participants to specific methods of trading and managing price risk. The workshops offer an introduction to commodities and currencies futures trading, covering the fundamentals of futures, how to use the contracts, trading tools, technical analysis and trading discipline.
DGCX is the region’s first derivatives exchange and only one allowing participants to clear and settle transactions within the region. The Exchange has played a pioneering role in developing the regional market for derivatives. More information on the DGCX training programme can be found at www.dgcx.ae/education.
