Dubai: The DGCX Group has robust, and frequently tested business continuity procedures in place designed to deal with a wide variety of potential developments to ensure service resiliency, availability and stability across trading and clearing platforms. These procedures cover unforeseen events, crisis, or out-of-the-ordinary operating environments, and can be adapted as the circumstances dictate.
In response to COVID-19, and in accordance with UAE Federal government and WHO guidelines, the DGCX Group has invoked these procedures to ensure the safety and well-being of both its employees and visitors to the DGCX Group. As a result, the DGCX Group has implemented travel and meeting restrictions, split-team and split-site working for employees.
However, the DGCX Group’s market continues to operate normally across both the exchange and clearing house, providing secure and reliable price discovery and risk management services to Members and their clients. While the market has experienced high levels of activity the DGCX Group remains committed to providing these services as usual. It is not expected but any change to the normal operation of either the market or the clearing functions will be communicated to the market by way of Notice.
The safety and well-being of employees is the highest priority of the DGCX Group, as is the commitment and responsibility to continue to operate the exchange and clearing house.
For further information, please contact:
Weber Shandwick PR
Tel: +971 52 935 9464
About DGCX: Established in 2005, DGCX is the region’s leading derivatives exchange and the only one allowing global participants to trade, clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives and financial infrastructure. DGCX is an electronic commodity and currency derivatives exchange with over 175 members from across the globe, offering futures and options contracts covering the precious metals, energy, equities and currency sectors. DGCX is a subsidiary of DMCC (Dubai Multi Commodities Centre), a Dubai Government Authority for trade, enterprise and commodities. For more information: www.dgcx.ae
DGCX also owns and operates the region’s largest and only multi-asset Clearing House – Dubai Commodities Clearing Corporation (DCCC). DCCC is federally regulated by the Securities & Commodities Authority (SCA). It is recognised as a licensed Central Clearing-Counterparty (CCP) by SCA and a Third-Country CCP by European Securities Markets Authority (ESMA) with over 60 clearers from across the globe. For more information: www.dccc.co.ae
© Press Release 2020