DGCX inks MoU with FXCM
Collaborate
for innovative
FX
products on the DGCX
The
Dubai Gold and Commodities Exchange (DGCX) and FXCM Group, LLC (FXCM Group or
FXCM), a leading international provider of online foreign exchange trading, CFD
trading, bitcoin and related services, announced the signing of a Memorandum of
Understanding (MoU), agreeing to collaborate on launching new and innovative FX
products on the DGCX.
Les
Male, Chief Executive Officer of DGCX, stated: “It is our aim to ensure that we
continue to offer our members and market participants truly innovative
contracts, backed by our state of the art technology and Clearing House. These
contracts must appeal to not only our international participants but also to
local banks and trading houses too. This MOU with FXCM is the first step in
developing ever more pioneering contracts contributing to the DGCX’s global
offerings allowing us to cross-pollinate each other’s diverse client base.”
Siju
Daniel, Chief Commercial Officer of FXCM Group noted: “This partnership will
expand both companies’ footprint in this region and will allow its members to
experience the many benefits of trading with DGCX. With FXCM’s long history and
expertise as one of the world’s leading FX and CFD brokers, working alongside
Dubai’s first commodity derivatives exchange, we know that we can create new
innovative product offerings and are enthusiastic on the many possibilities. We
look forward to sharing them with the market in the future.”
Les Male, CEO of
DGCX, signed the agreement at the FXCM Group headquarters in London on Monday,
December 17th with Mario Sanchez, Managing Director and Global Head of FXCM Pro
Sales.
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