Dubai, 18th Dec 2006: Dubai Gold and Commodities Exchange, the world's newest online commodities derivatives exchange which celebrated its first anniversary on November 19, yesterday unveiled its rate ticker in Deira Gold Souk, Dubai.
The ticker will flash the rates of gold, silver, fuel oil, Euro, GBP and Japanese Yen on real time as trade on DGCX progresses during the day. These rates reflect the movement of prices of these commodities and currencies internationally. The ticker will also give news flashes on business-related developments.
The instalment of the ticker will strengthen the impact DGCX has on the gold market. Local traders and jewellers are using the DGCX platform to source their physical gold and silver requirements, taking advantage of the cost efficient mechanism, robust price discovery platform, and smooth settlement framework that DGCX offers.
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About DGCX:
The Dubai Gold and Commodities Exchange (DGCX) is a fully automated, online commodities and currencies exchange. Strategically located in Dubai, the exchange is the first international commodities derivatives marketplace in the time zone between Europe and the Far East.
DGCX is a joint venture between the Dubai Multi Commodities Centre, Financial Technologies and Multi Commodity Exchange of India Ltd. At present DGCX offers its members and their clients to trade in Gold, Silver, Currency and Fuel Oil futures. This will be followed by options on gold and silver futures. A diversified range of commodities such as steel, jet fuel oil, freight rates, pulses and cotton will be introduced for trading as the exchange progresses further.
For further information please contact:
Dubai Gold & Commodities Exchange
Neena Birla
AGM- Marketing
Tel: +971 (4) 361 1616
Mobile 050 3400946
E-mail: neena.birla@dgcx.ae
Promoseven Weber Shandwick PR
Farah Farooq
Group Account Director
Tel: +971 4 3210077
Mobile: 050 5379753
E-mail: farah.farooq@promoseven.com
© Press Release 2006
