Dubai Gold & Commodities Exchange Group Announces Response to COVID-19

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) has issued a news release outlining its response to COVID-19.

The Exchange noted that it has robust and frequently tested business procedures capable to deal with a wide variety of potential developments. The procedures cover unforeseen events or crisis situations as the one the world is currently faced with. DGCX reiterated the confidence that the clearly defined procedures will help the group to adapt to circumstances, thereby ensuring uninterrupted service across trading and clearing platforms.

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In response to the pandemic, the group has invoked the above business procedures in line with the guidelines issued by the UAE government and the World Health Organization (WHO). As part of its efforts to ensure safety and well-being of its employees and customers, DGCX has imposed tight restrictions on business meetings, apart from implementing split working schedule for employees.

The DGCX confirmed that it has successfully maintained its normal operations across both the exchange and clearing house. Any change in normal operation, due to unforeseen situations, will be communicated to the market. Further, it noted that safety and well-being of its employees continues to be the topmost priority.