The “Dubai Gold & Commodities Exchange (DGCX)” is a joint venture between the Dubai Multi Commodities Centre (DMCC), the Multi Commodities Exchange of India Ltd (MCX) and Financial Technologies (India) Limited (FTIL) and has been in operation since the end of 2005.

It is the first international stock exchange in a time zone between Europe and Far East. Set up to trade in gold and commodities, it uses a totally automatic (and maybe the most advanced) platform (DGCX), which can trade different financial products and commodities at the same time and round the whole world. All contracts transacted on the DGCX are compensated by the “Dubai Commodities Clearing Corporation (DCCC), where funds are deposited to guarantee settlement.

Last year, its trading volume reached nearly 500,000 gold futures contracts and around 60 currency contracts worth over $15 billion. Values are low but give a clear indication of growth. The success of the gold market led to trading in silver, currencies and oil. Six types of futures contracts are traded at present: gold, silver, euros, UK sterling, yen, crude and petrol. In this initial phase of activity, the DGCX has entered important agreements with the Chicago Board of Trade (CBOT), Euronext and the Tokyo Commodity Exchange (TOCOM).
At present, securities bought by foreign investors are tax free.

EMAAR Business Park, Bldg 2, level, Sheikh Zayed Rd.
Dubai – United Arab Emirates Telephone :+971 4 3611 616
Email : info@dgcx.ae
Website : www.dgcx.ae