Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East , providing the right products, at the right price and the right time.
DGCX is an initiative of the Dubai Multi Commodities Centre (DMCC), Financial Technologies (India) Limited and the Multi Commodity Exchange of India Limited (MCX). The Management team of DGCX comprises senior personnel from the commodities, securities and financial services industries bringing a wealth of experience and expertise to ensure the success of DGCX. DGCX offers the unique advantage of being located in the Middle East, one of the world’s largest areas of financial liquidity. Dubai is one of the world’s fastest growing business centres, with over 400 international institutions from around the globe and US $160 billion high net worth investment business. It is also the world’s third largest re-exporter and grew on average by over 13.4% per year between 2000 and 2005. Dubai offers a strong, stable government and a balanced, world class regulatory framework. With a zero tax environment and free trade zones offering 100% ownership, it has become the entry point for much of the Middle East’s liquidity and trade activity.
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