DGCX set for further growth with Cinnober technology upgrade
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DGCX set for further growth with Cinnober technology upgrade 09 May 2018Dubai Reporter: Becky Butcher
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The Dubai Gold & Commodities Exchange (DGCX) and its fully owned subsidiary the Dubai Commodities Clearing Corporation (DCCC) has upgraded its integrated trading and clearing solution from Cinnober to the latest version of the TRADExpress platform.
The upgrade, which went live 23 March, was to enhance and speed up business development capabilities and to benefit from a more refined trade and market data protocol.
DGCX is now ready to connect third-party marketplaces to DCCC, opening up for further expansion.
Les Male, CEO of DGCX, commented: “With this upgrade, we’re benefiting from the cutting-edge exchange and clearing technology and preparing for further growth. The launch was smooth, operations have been enhanced, and we’ve seen great results for member accessibility and connectivity, as well as highly encouraging feedback.”
Veronica Augustsson, CEO of Cinnober, added” “DGCX has always been very agile and responsive to its market, continuously launching new innovative products to serve client needs.”
“They’re an excellent example that demonstrates the benefits of an integrated solution, both in terms of the ease of adding new asset classes and instruments, as well as efficient risk management with the ability to act immediately on real-time information.”
DGCX and Cinnober’s partnership dates back to 2012, and in 2013 they went live with a complete trading and clearing infrastructure from Cinnober.
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