DGCX Group welcomes ABN AMRO

Dubai Gold and Commodities Exchange (DGCX) has this week welcomed ABN AMRO Clearing Bank NV as a special clearing member on Dubai Commodities Clearing Corporation (DCCC).

DCCC is a wholly owned subsidiary of DGCX and acts as central counterparty for all trades executed on the Exchange.

ABN AMRO Clearing’s presence will expand and deepen access to DGCX, the Middle East’s largest derivatives market. International trading firms and clients can now use the bank’s global post-trade services to access DGCX. ABN AMRO Clearing’s global footprint and leading service offering allows customers such as proprietary trading groups, hedge funds and algorithmic trading firms to stay globally competitive with low latency strategies.

Gaurang Desai, CEO of DGCX Group, said: “This will further augment our client base and widen participation to DGCX’s diverse product range.”