DGCX Signs Partnership Agreement with MDX Nepal

SEATTLE (Scrap Monster): The Dubai Gold & Commodities Exchange (DGCX) has signed a memorandum of Understanding (MoU) with the Multi Derivatives Exchange (MDX) Nepal towards collaboration and mutual sharing of knowledge. Both the exchanges plan to host workshops and meetings in order to strengthen the cooperation between them.

As per the agreement, DGCX will work closely with MDX in various areas including trading, clearing, settlement, contract delivery, contract design and pricing, compliance and surveillance, technology and risk management.

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Les Male, CEO, DGCX stated that the collaboration is in accordance with the exchange’s vision to expand its knowledge base by collaborating with industry across borders. The partnership will be beneficial to both parties, he added.

Dipak Raj Pandey, Coordinator, MDX noted that both the exchanges share a common goal to follow international best practices and provide innovative products to members. The signing of the MoU is a significant step towards productive collaboration, he said.

The MoU was signed by Les Male and Dipak Raj Pandey at a ceremony in DGCX’s Dubai office in the presence of senior representatives from both the exchanges.