DGCX, the Exchange of the Year!
Wins
awards at the prestigious
Global
Investor MENA Awards 2018
The
Dubai Gold and Commodities Exchange (DGCX) have been named, for the second
consecutive year, ‘Exchange of the Year’ at the prestigious Global Investor
MENA Awards 2018. The award recognised DGCX’s exceptional performance over the
last 12 months, which saw it record new all-time trading highs, launch innovative
products, services and initiatives, as well as implementing cutting-edge
technology to better serve the needs of its clients.
DGCX
beat stiff competition from the region’s leading exchanges to win the award. In
the qualifying period, the Exchange traded over 19.3 million contracts, setting
a new overall volume record, with a notional value exceeding USD 441 billion.
Les
Male, CEO of DGCX, commented: “It is an honour to receive this award and have
our hard work over the last 12 months recognised by our industry peers. 2018
has been a significant year for DGCX in terms of growth, evolution and
innovation, and this prestigious accolade reaffirms our growing profile both
regionally and internationally.”
The
Exchange has also been shortlisted for the ‘Middle East / African Exchange’
award at the upcoming Future & Options World (FOW) International Awards in
December, which will celebrate the achievements of the top performing global
derivatives exchanges and trading houses.
“Coinciding
with this achievement, we are delighted to announce that DGCX broke its
all-time annual volumes record in November. This is a huge milestone for us and
indicates that our efforts to add more depth to the marketplace and meet
investment and hedging needs have been successful. We remain extremely upbeat
as we approach the end of the year, and we look forward to delivering further
excellence, innovation and most importantly confidence to our investors and
traders,” Male added.
DGCX
has now traded 20.3 million contracts year-to-date (Y-T-D), up 27% year-on-year
(Y-O-Y), surpassing its previous annual volumes record of 19.67 million
contracts on November 20th.
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