DGCX inaugurates first chapter of Futures & Options World Trading Middle East Conference 2015

Press release
Published November 19th, 2015 - 11:12 GMT

Gaurang Desai, CEO of DGCX
Gaurang Desai, CEO of DGCX

Dubai Gold & Commodities Exchange (DGCX), UAE’s leading derivatives bourse, has partnered with Futures and Options World (FOW) for its Trading Middle East Conference 2015, on November 19 2015.

As the first Middle East event organized by FOW, the conference showcased insightful presentations, discussions and debates from regional and international subject matter experts, which  touched upon analysis of Middle East trading patterns, developing regional benchmarks and increasing  participation in Middle Eastern derivatives markets from a global perspective.

Over 200 local and global delegates attended the event, including members from the Singapore Exchange, Moscow Exchange, Dalian Commodity Exchange, Dubai Mercantile Exchange, leading UAE financial institutions as well as international participants like ICBC, Bank of China and Standard Chartered Bank.

Gaurang Desai, CEO of the Dubai Gold and Commodities Exchange, commented on DGCX’s involvement in the event: “The Middle East is now firmly established on the map of the global derivatives markets, so it is good to see FOW making its mark with its inaugural conference here in Dubai which continues to be the financial pivot of the region. We are pleased to host such an important event. The conversations that have taken place today with traders, investors, bankers, brokers, asset managers and other exchanges have been particularly insightful, and will contribute to the way this industry will move forward here in the Middle East.”

“As an ambitious and goal-driven exchange, we hope to continue developing the region’s derivatives industry, both in terms of the talent pool and the products offered. We will continue to increase our participation and support to such initiatives” Desai further commented. 

Background Information

Dubai Gold & Commodities Exchange

Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.

 

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