DGCX Wins Exchange of the Year Accolade
The Dubai Gold and Commodities Exchange (DGCX) have been named, for the second consecutive year, ‘Exchange of the Year’ at the prestigious Global Investor MENA Awards 2018. The award recognised DGCX’s exceptional performance over the last 12 months, which saw it record new all-time trading highs, launch innovative products, services and initiatives, as well as implementing cutting-edge technology to better serve the needs of its clients.
DGCX beat stiff competition from the region’s leading exchanges to win the award. In the qualifying period, the Exchange traded over 19.3 million contracts, setting a new overall volume record, with a notional value exceeding USD 441 billion.
Les Male, CEO of DGCX, commented: “It is an honour to receive this award and have our hard work over the last 12 months recognised by our industry peers. 2018 has been a significant year for DGCX in terms of growth, evolution and innovation, and this prestigious accolade reaffirms our growing profile both regionally and internationally.”
The Exchange has also been shortlisted for the ‘Middle East / African Exchange’ award at the upcoming Future & Options World (FOW) International Awards in December, which will celebrate the achievements of the top performing global derivatives exchanges and trading houses.
“Coinciding with this achievement, we are delighted to announce that DGCX broke its all-time annual volumes record in November. This is a huge milestone for us and indicates that our efforts to add more depth to the marketplace and meet investment and hedging needs have been successful. We remain extremely upbeat as we approach the end of the year, and we look forward to delivering further excellence, innovation and most importantly confidence to our investors and traders,” Male added.
DGCX has now traded 20.3 million contracts year-to-date (Y-T-D), up 27% year-on-year (Y-O-Y), surpassing its previous annual volumes record of 19.67 million contracts on November 20th.