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The DGCX Group receives a permit from the Israel Securities Authority (ISA) Dubai: The Dubai Gold & Commodities Exchange (DGCX) Sunday announced that it has received a permit from the Israel Securities Authority (ISA), enabling qualified Israeli corporations who trade on proprietary basis to become members of the DGCX and to use its trading services and platforms. Israeli members will also then have access to act as market makers on the DGCX platform. The move allows the DGCX Group to introduce its diversified global products and services, including Futures and Options Contracts that cover precious metals, energy, equities and currency sectors - within Israel - as it continues to expand its role as the leading Middle East exchange for trading of derivatives. ....
The logo of the Dubai Gold & Commodities Exchange (DGCX) (YouTube screenshot) The Dubai Gold & Commodities Exchange (DGCX) said Sunday it has received a permit from the Israel Securities Authority (ISA) that will allow qualified Israeli stock market traders and investors to become members of the DGCX and to use its trading services and platforms. Once members, Israeli players will also be able to act as market makers on the DGCX platform. Market makers are firms or individuals who provide both bids for and offers of securities. The move allows the DGCX Group to offer its global products and services, including futures and options contracts for precious metals, energy, equities and currency sectors, to Israeli investors as it seeks to expand its role in the Middle East as a growing exchange for the trading of derivatives. ....
Dubai: The Dubai Gold & Commodities Exchange (DGCX) Wednesdy said that it will soon launch a Pakistani Rupee (PKR) Futures Contract, the first of its kind on any regulated exchange in the world, enabling market participants to expand their trading opportunities to the Pakistani market. The launch follows extensive market research and feedback from DGCX members. The contract, which is set to go live on Friday 16 April 2021, will allow regional market participants with the ability to hedge exposure to the Pakistani Rupee, on a globally recognized, regulated and secure platform. Additionally, the Dubai Commodities Clearing Corporation (DCCC) will provide margin offsets for calendar spreads in PKR Futures, which will result in greater capital efficiency for DGCX members. ....