DGCX earns two prestigious international industry awards

Dubai: The Dubai Gold and Commodities Exchange, DGCX, has been named "Emerging Exchange of the Year" in Asia for 2013 by Futures and Options World, FOW, a leading global derivatives magazine. DGCX's EOS Trader platform was also named the year's "Best Technology Innovation by an Exchange". DGCX beat stiff competition from Thailand Futures Exchange and India's United Stock Exchange for the Emerging Exchange award, and it was chosen over some of Asia's largest exchanges like ASX/SGX, HKex and Bursa Malaysia for the Best Technology Innovation award. FOW's Emerging Exchange of the Year award is given to an exchange in an Asian emerging market that demonstrates tangible innovation and growth. DGCX received the jury's vote for its exceptional volumes growth and product innovation this year. The Best Technology Innovation was awarded in recognition of the innovation the Exchange demonstrated in implementing an advanced EOS trading platform in response to the needs of its member community. Additionally, the Exchange was named runner-up in the category of "Asian Exchange of the Year". Gary Anderson, CEO of DGCX, said, "We are honoured to receive these prestigious awards for 2013, which was a significant year in the growth and evolution of the exchange. We particularly value this recognition because it represents endorsements from our industry peers. DGCX continues to create innovative products and services that meet the risk management and investment requirements of a wide range of players in the marketplace. Over the first half of this year, we made a strong push to diversify our product portfolio and asset classes with unique new products like Copper, SENSEX and Mini-Indian Rupee Futures. At the same time, we introduced a new advanced technology infrastructure to enhance trading speed, capacity and functionality for our members. " Veronica Augustsson, CEO of Cinnober, said, "We're very happy that DGCX has received these well-earned honours and we give them our warmest congratulations. DGCX has made a very focused and ambitious investment in its technology to provide clients with a world-class exchange and CCP. We are proud to be a part of their continued success story and look forward to a long and continued positive partnership." FOW presented the awards at a gala awards ceremony in Singapore. – Emirates News Agency, WAM