DGCX Collaborates with Nasdaq in New Technology Agreement

This will boost the security, efficiency and reliability of exchange’s operations and allow the exchange to offer full clearing capabilities to regional and global marketplaces.

SEATTLE (Scrap Monster):  The Dubai Gold & Commodities Exchange (DGCX) has entered into a technology agreement with Nasdaq. As part of this agreement, Nasdaq, through its Nasdaq Financial Framework, will provide the exchange with a full suite of integrated marketplace solutions.

According to DGCX press release, the marketplace solutions suite will provide real-time clearing solution that offers enhanced settlement and risk management capabilities and high-velocity multi-asset class clearing. This will boost the security, efficiency and reliability of exchange’s operations and allow the exchange to offer full clearing capabilities to regional and global marketplaces.

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Les Male, CEO at DGCX commented that the partnership with Nasdaq marks the next stage of the development of DGCX and offers its members and clients with ever-increasing levels of service performance. It supports the exchange’s broader vision to develop capital markets in the UAE.

Meantime, Paul McKeown, SVP and Head of Marketplace Operators and New Markets, Market Technology, Nasdaq said that the adoption of Nasdaq’s robust technology platform will help DGCX in its efforts to evolve its marketplace for investors in the Middle East and beyond.

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