SHUTTERSTOCK/JEFF KINGMA
The Dubai Gold and Commodities Exchange (DGCX) has listed RAKBANK as a new trade member of the exchange, the move highlights the mounting interest from regional financial institutions to access the exchange for hedging and investment opportunities.
Les Male, the CEO of DGCX, said, “We are delighted to reinforce this relationship, which was first forged in 2017, and look forward to their active participation as we further enhance the liquidity of our derivatives market.”
In April 2019, the DGCX announced plans to launch a Mini-Gold Futures product in partnership with RAKBANK which is set to offer investors the chance to trade gold in smaller denominations.
The DGCX currently offers contracts across four product portfolios; currencies, equities as well as hydrocarbons and metals.
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CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
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