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The Dubai Gold and Commodities Exchange (DGCX) announced today that Menacorp Financial Services LLC, the UAE's leading financial services firm, has been approved as a Broker Member of the Exchange.
The largest local broker member to date, Menacorp is a premier financial services group covering the whole Middle East and North Africa region. It is backed with strong partners and a world class team of experienced professionals, offering the finest services in investment banking, securities brokerage, asset management and financial research.
Menacorp has accumulated an accolade of impressive achievements in the last couple of years. Most recently, it was named top brokerage firm at the Dubai Financial Market (DFM) by market share among 50 competitors for 2013, 2014 and maintained its leadership year to date for 2015.
The company has also received the Best Investment & Development - Best Securities Dealing Award, from World Finance Magazine, in recognition of its achievements in ensuring reliable and effective financial transactions.
Gaurang Desai, Interim Chief Executive Officer of DGCX said, "It is with great pleasure that we announce our newest addition, Menacorp, to the DGCX member fraternity. As a prestigious financial services conglomerate in the region, Menacorp serves as a manifestation of our ability to continue growing as 'The Exchange of choice' in the region. We believe this addition will contribute to DGCX's efforts in creating a stronger regional reach in the derivatives sector and educate investor community."
"We are very happy to be part of the DGCX community as their newest broker members. This creates a whole new trading platform for us, as we are more exposed to the industry and its main players. We look forward to this fruitful partnership with DGCX, and hope to reap the plentiful benefits soon," said Ayman Al Satari, Assistant Managing Director, Menacorp.
